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The Reserve Bank of India is unlikely to cancel Friday's Rs 15,000 crore bond auction for now, officials close to the development told Reuters on Thursday.
The 10-year benchmark 7.16 pct 2023 bond yield eased 3 basis points from the day's high to 7.33%, as expectations of bond cancellation fuelled mild buying.
Officials will wait for the outcome of the underwriting auction to gauge demand for these bonds.
