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This Week's Auctions Reduced

INDIA

The RBI announced a smaller auction calendar for Friday's sale, a total INR 260bn compared to a planned INR 320bn last week that only saw INR 220bn go ahead.

  • Auction details:
    • INR 30bn of 3.96% 2022
    • INR 140bn 5.85% 2030
    • INR 90bn 6.76% 2061
  • Market participants will scrutinize today's INR 360bn bill sale for indications of market demand for government securities, and to see if the RBI attempts to influence the sale, which could be a portent for the bond sales on Friday.

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