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Bond yields rise in absence of OMO announcement

Bond yields rise in absence of OMO announcement
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Bond yields rise in absence of OMO announcement
Reuters / Jan 15, 2021, 14:43 IST
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(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.

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