Home / India News / Govt cancels auction of all securities scheduled for 11 Feb as yields spike

Govt cancels auction of all securities scheduled for 11 Feb as yields spike

The government said it had decided to cancel the auction post review of cash position

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Reuters New Delhi

1 min read Last Updated : Feb 07 2022 | 9:02 PM IST

India cancelled auctions of government securities to be held on Feb. 11, a government statement said on Monday, following a sharp rise in bond yields after the announcement of record borrowing program.

The government said it had decided to cancel the auction post review of cash position.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : Government securities Bond Yields

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