• SENSEX
    NIFTY 50
Bonds

India has no plans to cancel bond auctions despite spike in yields

Updated : May 18, 2018 05:05 PM IST

The RBI failed to sell all the debt it offered to bidders at the last four auctions in a row, which has given rise to concerns in the government that aims to borrow a total 6.05 trillion rupees ($89.87 billion) in the current fiscal year that started in April.
Finance ministry officials have asked the central bank to re-issue older bonds that are widely held by market participants, and shorter tenure bonds to ensure auctions go through smoothly
Indian bonds weakened to multi-year lows as global crude oil prices surged and local inflation data came in higher than expected.
India has no plans to cancel bond auctions despite spike in yields
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV