 "government bond, bond market")
Small Industries Development Bank of India (Sidbi), PFC, Axis Bank, and Sundaram Finance together raised ₹14,735 crore in the domestic debt capital market on Tuesday, well below the roughly ₹25,000 crore that had been expected, after issuers including PFC and the National Bank for Agriculture and Rural Development (Nabard) pulled their short-term offerings.
The withdrawals were prompted by expectations of a repo rate cut at next month’s Monetary Policy Committee (MPC) meeting, which could drive down short-term rates and make it more advantageous for issuers to raise funds later.
The softer issuance follows comments on Monday by Reserve Bank of
