RBI’s Silence on Record India Bond Sales Leaves Traders Baffled

(Bloomberg) — The Reserve Bank of Indias monetary policy review has come and gone but its done little to calm traders nerves over an unprecedented government bond supply.
Their patience is running thin as the RBI refrained from taking steps to ease the markets debt burden at a policy review last week, even as the government plans to sell 12 trillion rupees ($160 billion) of bonds this fiscal year.
The big question for the market is how this massive borrowing is going to be facilitated when ba…

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