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Will RBI bail out bond sellers?


MUMBAI: Main sellers shopping for sovereign bonds in auctions are looking for a central financial institution bailout after about Rs 18,000 crore of tenured bonds failed to search out patrons within the final public sale Friday, exposing the bond homes to large losses on the unsold and devolved debt.Their hopes are pinned on a probable follow-up spherical of Operation Twist (OT), through which Mint Highway may purchase the longer tenured bonds, promoting an equal quantity of shorter-duration

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