Bond yield rises to 7.44% on higher oil prices, global cues
Yields on the 10-year benchmark bond have increased due to high oil prices.
The Reserve Bank of India rejected all bids at the treasury bill auction conducted recently.
The government aimed to raise ₹23,000 crores through treasury bill sales but faced significantly higher yield bids.
Market analysts indicate a potential 50 basis point hike by the RBI in December.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
