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India Cancels $3 Bn of Treasury Bill Sale Amid Tight Cash
Hindustan Times West UP
|February 21, 2025
The RBI Added ₹21 Lakh Cr To The System Via Open Market Bond Purchases Over 3 Auctions Since Late Last Month
India's central bank did not accept any bids for 91 and 182-day treasury bills in an auction Thursday amid a cash squeeze in the nation's banking system.
The Reserve Bank of India rejected bids for ₹26,000 crore ($3 billion) of sales, it said in a statement. The authority sold ₹7,000 crore of 364-day bills at 6.56%, the statement added.
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