India Gilts sharply down as demand at auction disappoints
Due to weak long-term gilt demand at today's weekly auction, government bond prices finished considerably lower, forcing the Reserve Bank of India to set lower cutoff prices than anticipated, according to dealers. The 10-year benchmark 7.26%, 2032 bond closed at 99.70 rupees, or 7.30% yield, against 100.02 rupees, or 7.25% yield, on Thursday.
Source: freepressjournal.in