RBI’s QE Offers Little Relief As Underwriters Rescue Bond Sale
Posted under Business, Regulatory, by Neha Sonker / 17 hours ago
Primary dealers rescued an Indian government debt auction for the seventh time this year, indicating weak appetite despite the central bank’s pledge to buy as much as 1 trillion rupees of sovereign notes this quarter. Underwriters bought 109.3 billion rupees ($1.5 billion) of the 110 billion rupees of new 2026 bonds on offer, the Reserve Bank of India said in a statement.
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