India’s short-term rates hit 1-1/2-year low after govt cancels T-bill auctions

Published 13:56 IST, September 13th 2024

India’s short-term rates hit 1-1/2-year low after govt cancels T-bill auctions

The yield on 91-day T-bills fell to 6.55%, its lowest since January 2023, and is only 5 basis points above the RBI’s key policy rate – its lowest spread since May 2022.