No cancellation of gilt auction in FY24
Wednesday, 1 May 2024 ()
There was a strong demand for India’s sovereign bonds and good coordination between the government and RBI ensured that for the first time in nearly 20 years, there was neither devolvement nor any cancellation of bond auctions during FY24. Bond market players believe that this could act as a positive catalyst for Indian gilts once they are included in bond indices by JP Morgan and Bloomberg, starting next month.
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