RBI rejects bids for treasury bills, move signals lower rates

Jun 4, 2026 - 04:30
RBI rejects bids for treasury bills, move signals lower rates

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The RBI rejected bids for longer-term treasury bills, signaling discomfort with rising short-term yields ahead of its monetary policy decision. This move, aimed at softening interest rates, comes as the MPC meets to decide on rates, with a pause widely expected. Yields on government bonds subsequently fell.

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