InvestorQ : Why did the RBI cancel its bond auctions for the second week in succession?
Katherine Gonsalves made post

Why did the RBI cancel its bond auctions for the second week in succession?

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rhea Babu answered.
3 months ago
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Due to surplus cash and high bond yields, the RBI cancelled the auction of government securities (G-Secs) worth Rs. 24,000 crore scheduled on February 18. Even the previous bond raising auction of 11th February had been cancelled. Higher borrowings target for FY23 and a hawkish Fed has caused a sharp spike in bond yields. AT these levels, there is no sync between the demand and supply in the market.
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