
Business & Finance
Oct 25•5 min read
RBI Scraps Treasury Bill Auction to Curb Rising Yields
India's central bank rejects all competitive investor bids after demanding discount rates threaten short-term sovereign borrowing costs.
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India's central bank rejects all competitive investor bids after demanding discount rates threaten short-term sovereign borrowing costs.

Aggressive foreign exchange interventions by the central bank curb excess rupee liquidity in the banking system, money-market desks report.