(Bloomberg) -- India's bonds fell on concern the
central bank will drain surplus cash from the banking system in
coming weeks to contain inflation, leaving investors with less
money to buy debt.
Benchmark 10-year yields rose from the lowest in more than
a month as the Reserve Bank of India may sell debt or take other
measures to absorb excess cash. India's central bank drained 180
billion rupees ($4.45 billion) this month from the banking
system by selling bonds and treasury bills.
Read more at Bloomberg Bonds News
central bank will drain surplus cash from the banking system in
coming weeks to contain inflation, leaving investors with less
money to buy debt.
Benchmark 10-year yields rose from the lowest in more than
a month as the Reserve Bank of India may sell debt or take other
measures to absorb excess cash. India's central bank drained 180
billion rupees ($4.45 billion) this month from the banking
system by selling bonds and treasury bills.
Read more at Bloomberg Bonds News
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