(Bloomberg) -- India's bonds fell on concern the
central bank will drain surplus cash from the financial system to
curb inflation.
Ten-year yields, which move opposite to prices, rose after
the Reserve Bank of India increased the size of its weekly
Treasury bill sale on June 6 by more than 50 percent. The bank
also announced a bond sale of 50 billion rupees ($1.2 billion)
under the so-called stabilization plan to drain spare cash. The
measures were announced after the market closed on June 1.
Read more at Bloomberg Bonds News
central bank will drain surplus cash from the financial system to
curb inflation.
Ten-year yields, which move opposite to prices, rose after
the Reserve Bank of India increased the size of its weekly
Treasury bill sale on June 6 by more than 50 percent. The bank
also announced a bond sale of 50 billion rupees ($1.2 billion)
under the so-called stabilization plan to drain spare cash. The
measures were announced after the market closed on June 1.
Read more at Bloomberg Bonds News
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