RBI does not accept any bid at inflation-linked government bond sale
MUMBAI (Reuters) - The Reserve Bank of India said on Monday it did not accept any bid at the 10 billion rupees auction of 1.44 percent 2023 inflation-linked government bonds.
The central bank said there was no devolvement of the inflation-linked bonds on primary dealers.
India's 10-year benchmark bond yield fell 2 basis points to 8.12 percent after the auction results.
(Reporting by Shamik Paul, Neha Dasgupta and Swati Bhat; Editing by Gopakumar Warrier)