RBI rejects bids for treasury bills, move signals lower rates
MUMBAI: The RBI rejected all bids for 182-day and 364-day treasury bills while accepting only 91-day bills at auction on Wednesday, signalling its discomfort with rising short-term yields ahead of the monetary policy decision due Friday.The RBI sold 91-day treasury bills at a yield of 5.56%. The central bank typically rejects bids when it finds…
