The Reserve Bank of India (RBI) withdrew its ₹12,000 crore treasury bill auction for 182-day and 364-day maturities, reportedly due to high yield bids. This action supported bond prices, with the benchmark 10-year government bond yield falling. The RBI’s decision may also be influenced by the government’s substantial cash balance following a record dividend payment.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets