India’s benchmark bond yield rose on Friday to a three-week high as a lack of an open market operation announcement disappointed investors ahead of a debt sale and variable rate reverse repo auction later in the day. The Reserve Bank of India (RBI) last week said it would conduct a variable rate reverse repo auction for Rs 2 lakh crore ($27 billion) on January 15 on review of the evolving liquidity and financial conditions.January 15, 2021 at 02:43PM
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