China’s overnight and seven-day repo rates surged in February, while bond investors took losses from a sharp rise in yields. Banking liquidity in India suffered its highest deficit in at least 14 years earlier this year and overnight borrowing costs jumped. Liquidity also dried up in Indonesia and Malaysia following central bank currency interventions.
Central Bank’s OFS draws 1.28x subscription
The government’s offer to sell its stake in Central Bank of India saw strong investor interest. The two-day issue closed on Monday with an overall