RBI Rejects All ₹23,000 Crore Treasury Bill Bids As 10-Year Bond Yield Hits Four-Year High
The Reserve Bank of India (RBI) rejected all bids at Wednesday's ₹23,000 crore treasury bill auction, indicating resistance to sharply rising short-term government borrowing costs, according to bond market dealers. The benchmark 10-year government bond yield climbed to 7.44%, its highest since Nov 4, 2022, compared with 7.39% in the previous session. The government had planned to raise funds…
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