The impact of higher global yields was evident last week when underwriters rescued a sovereign bond sale. The impact of higher global yields was evident last week when underwriters rescued a sovereign bond sale. The government raised Rs.15,000 crore, with underwriters buying Rs.1,21 crore of 2022 notes. India’s 10-year sovereign notes last week declined the most in eight months. He expects the RBI to buy bonds worth Rs.30,000 crore to Rs.40,000 crore in the next two months.

Source: Mint November 02, 2016 06:20 UTC