Indian Government Finally Cancels Auction Of Bonds Worth Rs 10000 Crore

Indian Government has finally called off the auction of bonds worth Rs Indian Government Finally Cancels Auction Of Bonds Worth Rs 10000 Crore 10,000 crore in view of liquidity problems. 

A press release stated, “Having regard to the current liquidity conditions and other relevant factors, the Government of India, in consultation with the Reserve Bank, has decided to cancel the auctions." 

Earlier, central bank had announced the sale of a new 6-year government stock for Rs 6,000 crore and sale of 7.95% government stock 2032 worth Rs 4,000 crore. 

But finally, both auctions, which were scheduled for today, have been cancelled.

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