Economics
RBI Data Show It Buys Debt Just as Government Sells Bills
- A few bids mopped up Treasury bill sales on April 15
- Bills were then resold on secondary market within the same day
This article is for subscribers only.
The Reserve Bank of India bought chunks of debt just after the government sold it, the latest data showed, further fueling talk that the central bank is supporting the nation’s fund-raising efforts.
The central bank reported 149.89 billion rupees ($2 billion) worth of sovereign debt purchases for April 16, just one day after bills with the same value were mopped up by a few bids at an auction, according to data released on Friday.