Mumbai: The Reserve Bank of India (RBI) on Monday injected ₹50,000 crore into the banking system through an open market purchase auction, with participants bidding more than double the notified amount. Participants offered ₹1.22 lakh crore for a notified amount of ₹50,000 crore in the open market operations (OMO), with the 6.64% GS 2035 paper […]
Higher yields in the corporate bond market and the cancellation of four planned issuances within three weeks have led some issuers to postpone large-dollar fundraising until next quarter, investment bankers and investors say. Companies including Micro Units Development and Refinance Agency (MUDRA), Indian Bank and ONGC Petro have postponed debt sales worth 150 billion rupees […]