RBI allows treasury bill yields to rise 20 bps amid higher borrowing costs
- RBI accepted treasury bill yields 20 basis points higher than the previous successful auction.
- • 91-day yield reached 5.93%, while 182-day and 364-day yields rose to 6.55% & 6.69%.
- RBI had cancelled the previous week's auction after investors demanded higher returns.
- Higher oil prices & reduced cash in banks pushed borrowing costs to nearly two-year highs.
Source: economictimes.indiatimes.com
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