The Reserve Bank of India accepted less than half of its notified amount. This occurred during a switch auction held on Monday. Traders indicated bids exceeded the central bank's comfort level. The RBI accepted ₹14,497 crore out of ₹30,000 crore notified. Bond switches help the government manage near-term and long-term debt redemptions.
The Reserve Bank of India accepted less than half of its notified amount. This occurred during a switch auction held on Monday. Traders indicated bids exceeded the central bank's comfort level. The RBI accepted ₹14,497 crore out of ₹30,000 crore notified. Bond switches help the government manage near-term and long-term debt redemptions.
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