The RBI rejected bids for longer-term treasury bills, signaling discomfort with rising short-term yields ahead of its monetary policy decision. This move, aimed at softening interest rates, comes as the MPC meets to decide on rates, with a pause widely expected. Yields on government bonds subsequently fell.
The RBI rejected bids for longer-term treasury bills, signaling discomfort with rising short-term yields ahead of its monetary policy decision. This move, aimed at softening interest rates, comes as the MPC meets to decide on rates, with a pause widely expected. Yields on government bonds subsequently fell.