India Central Bank Rejects All Bids at Treasury Bill Auction
India's central bank rejected all bids at Wednesday's treasury bill auction. The government had planned to raise 230 billion rupees ($2.43 billion); traders said the move could signal authorities' discomfort with the recent rise in short-term yields.
India's central bank rejected every bid at a treasury bill auction on Wednesday. Traders said the move could indicate authorities are increasingly uncomfortable with the recent rise in short-term yields. The government had planned to raise 230 billion rupees ($2.43 billion) through the sale.