Government bond yields were seen falling further this week, as the Reserve Bank of India (RBI) had reduced the bond auction size every week till September. The rupee on the other hand was seen trading range-bound. On Thursday, the government had cut the borrowing programme for the first half of the financial year without making changes in the overall indicative borrowing during the financial year. This had been done by reducing the bond auction amount by Rs 2,000 crore every week till September.
The decision comes following RBI transferring surplus amounting to Rs 52,679 crore for the year ending June 30 to the government.
The decision comes following RBI transferring surplus amounting to Rs 52,679 crore for the year ending June 30 to the government.
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