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Economy News

The Economic Times

Economy / The Economic Times

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RBI buyback gets few bids despite cash crunch

The central bank's bond buyback saw a lukewarm market reception, attracting significantly less than the offered amount despite a liquidity deficit in the banking system. Banks held back, anticipating future inflows and preferring short-term papers. Meanwhile, the benchmark 10-year government bond yield dipped to its lowest since March, buoyed by falling oil prices and record overseas portfolio investments.

30 Jun 2026 12:34 am