Tuesday, July 29, 2014

Reserve Bank reverts to multiple price bids for bond auctions

...........RBI adopted the uniform price method in June last year, when bond yields were volatile, with foreign institutional investors pulling out from the domestic markets amid a weakening currency. However, the macro fundamentals have improved since last September, with the rupee stabilising after recouping most of the losses. A new government at the Centre has renewed hope among foreign investors. It is expected to hasten the opening to foreign investment and control the fiscal deficit.........

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