RBI announces Rs 25,000 crore OMO sale; bond yields seen opening 4-5 bps higher on Monday

The Reserve Bank of India (RBI) on October 9 announced an open market operation (OMO) sale of government securities worth Rs 25,000 crore to absorb surplus liquidity from the banking system. Market participants expect the announcement to put pressure on bond prices, with yields likely to open highe…