Sale of 10 year bonds

Sale of 10 year bonds


RBI refused to sell another batch of 10 year bonds since it believes as manager of the government debt, has passed up the high-yield offers of money signalling that they foresee lower rates. Markets remain hopeful of measures such as aggressive open market operations (OMOs) and direct funding of government borrowing or monetising to keep rates on the lower side.

Article on 10years bond RBI
Source: Business Standard dt 12th Sept 2020

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