Banks resist losses: RBI’s bond buyback yields just Rs 2,069 cr against notified Rs 60,000 cr

The RBI repurchased only Rs 2,069 crore of government bonds from a notified amount of Rs 60,000 crore as banks were unwilling to sell the securities at a loss. The central bank’s second attempt to infuse liquidity saw limited success as the securities offered at the auction were purchased by banks at higher prices. The government had offered…