Economic TimesLean R·
RBI's OMO sale exceeds expectations, absorbing excess liquidity with higher bond yields
The Reserve Bank of India's open market operation sale received robust investor interest. This operation aimed to absorb surplus liquidity from the banking system. The central bank accepted bonds at yields higher than prevailing market rates. This move precedes a significant weekly bond auction scheduled for Friday. Further liquidity absorption measures are planned for the coming week.
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