Top debt fund managers speak about the hits and misses of RBI policy indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Bond yields rise in absence of OMO announcement
Top Searches
Bond yields rise in absence of OMO announcement
Reuters / Jan 15, 2021, 14:43 IST
FacebookTwitterLinkedinEMail
(Representative image)
MUMBAI: India’s benchmark bond yield rose on Friday to a three-week high as a lack of an open market operation announcement disappointed investors ahead of a debt sale and variable rate reverse repo auction later in the day.
The Reserve Bank of India (RBI) last week said it would conduct a variable rate reverse repo auction for Rs 2 lakh crore ($27 billion) on January 15 on review of the evolving liquidity and financial conditions.
“It has been decided to restore normal liquidity management operations in a phased manner,” the RBI said.