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RBI refuses to sell another batch of 10-year bonds at market ask

This is the third straight auction of 10-year bonds that has devolved, leaving the market perplexed

Topics
Reserve Bank of India | 10-year benchmark bond | Indian markets

Anup Roy  |  Mumbai 



10-year bonds, benchmark, market, rbi
Auction’s cut-off yield was 6.02%, whereas the 10-yr bond yields closed at 6.04% | Illustration by Binay Sinha

The (RBI) on Friday refused to sell 10-year bonds at the yield demanded by investors, choosing to devolve the benchmark’s auction for the third time in a row instead.

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First Published: Fri, September 11 2020. 23:11 IST

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