India RBI bond sales could rise after first auction in nine years
Indian bond traders expect the RBI to step up debt sales to absorb liquidity after the first such auction in nine years drew strong interest.
Indian bond traders expect the central bank to increase bond sales to absorb liquidity after the first such auction in nine years drew strong interest. Policymakers are likely trying to improve the transmission of expected rate hikes, with excess banking-system liquidity seen as a drag on that process.