RBI Rejects All 224 Bids in Treasury-Bill Auctions

RBI turns away all bids at treasury bill sale amid bond selloff

Reserve Bank of India (RBI) rejected all bids at a sale of federal treasury bills for the first time in seven months amid a bond selloff that pushed borrowing costs to multi-year highs.

RBI rejects all 224 bids in treasury-bill auctions

Due to a tight fund-flow situation in the system, on the back of a high govt balance, GST-related outflows and funds getting blocked primarily in the Jio Platforms IPO, bidders wanted higher rates in the auction, bond market players said. On the other hand, RBI was reluctant to pay high rates because this could have indicated elevated rate signalling for the short term by the central bank.

RBI Accepts No Bids in Treasury Bill Auction, 10-Year Bond Yield Climbs to 7.44%

Get latest articles and stories on Business at LatestLY. The Reserve Bank of India (RBI) on Wednesday accepted no bids in its auction of 91-day, 182-day and 364-day Treasury bills, despite receiving competitive bids exceeding the notified amounts across all three maturities. Business News | RBI Accepts No Bids in Treasury Bill Auction, 10-Year Bond Yield Climbs to 7.44%.

RBI Rejects All Treasury Bill Bids as 10-Year Bond Yield Rises to 7.44%

New Delhi: The Reserve Bank of India (RBI) on Wednesday accepted no bids in its auction of 91-day, 182-day and 364-day Treasury bills, despite receiving competitive bids exceeding the notified amounts across all three maturities. The development comes as the yield on India’s benchmark 10-year government bond rose to around 7.44 per cent on Wednesday, […]