India bonds stall after tepid take-up in RBI overnight cash-drain
Indian government bonds stalled Monday after a technical glitch left a long-duration cash withdrawal operation drawing lower-than-anticipated interest. The RBI announced an overnight operation; the 6.94% 2036 benchmark yielded 6.9643%.
Indian government bonds stalled on Monday after a technical glitch resulted in lower-than-anticipated interest in a long-duration cash withdrawal operation, prompting the central bank to announce an overnight operation. 9643% a…