MUMBAI The Reserve Bank of India said on Monday it did not accept any bid at the 10 billion rupees auction of 1.44 percent 2023 inflation-linked government bonds.
The central bank said there was no devolvement of the inflation-linked bonds on primary dealers.
India's 10-year benchmark bond yield fell 2 basis points to 8.12 percent after the auction results.
(Reporting by Shamik Paul, Neha Dasgupta and Swati Bhat; Editing by Gopakumar Warrier)
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article