ET had reported on March 8 that at a meeting with bond market participants, the RBI had held discussions on returning to the multiple price method for government bond auctions.
Wall Street investors have been increasing exposure to Indian assets, attracted by one of the world’s fastest economic growth rates and a low correlation with global markets including other developing nations
Foreign portfolio investors, having splurged on government bonds ahead of India s inclusion in global indices, offloaded ₹3,966 crore (around $450 million to $475 million) worth of sovereign debt in a single day when the rupee weakened past successive technical levels amid a retreating Chinese yuan and lack of significant market interventions by the Reserve Bank of India.