The RBI allowed the currency to move both ways, with minimal intervention. There were also flows into the Indian bond market in anticipation of a rate cut on February 7, but dollar demand from foreign banks offset the gains,” said a bond dealer at a private bank.
RBI accepts 95% of bond buyback ahead of monetary policy review
Ahead of its bi-monthly monetary policy review, the Reserve Bank of India (RBI) accepted ₹23,855 crore worth of bids in its bond buyback, 95% of