RBI cancels ₹11,000 crore bond auction, yields drop
pre-market1 source ↓written by the desknot a recommendation
- in the benchmark
- 7 bps decline
- 10-year yield
- 6.531%
The Reserve Bank of India (RBI) cancelled a ₹11,000 crore bond auction, leading to a 7 bps decline in the benchmark 10-year yield to 6.531%. This move signals the RBI's discomfort with current yield levels, impacting trading strategies in the bond market. Traders noted a rally in mid-term bonds following the announcement.
Not investment advice. For informational purposes only.