Good Evening friends,
Just finish my today’s work and just preparing to go home now. Before I leave office as part of my routine habit I am reading online news and I read following news at yahoo India.
The Reserve Bank of India (RBI) on Monday cancelled a 100 billion rupee ($2 billion) bond auction after the RBI unexpectedly cut its benchmark lending rate by a full percentage point.
“In order to enable the market participants to make fresh bids, the government of India will be offering the same papers for the same amounts in auctions on a date to be announced later,” it said in a statement.
