Economic TimesLean R·
RBI accepts 20 bps higher treasury bill cutoff yields than last auction
Mumbai: The Reserve Bank of India has accepted treasury bill cut off yields 20 basis point higher than the previous successful auction, after cancelling the auction last week.Treasury bills - bonds with a tenure of less than one year - jumped to their highest level in nearly two years, as near deficit liquidity and high oil prices have sealed another 50-75 basis points hike, traders said.Read more: These 7 private and public banking stocks have an upside of up to 27% in one year, according to a…
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