INSUBCONTINENT EXCLUSIVE:
Mumbai: The Reserve Bank of India (RBI) said it is withdrawing a restriction that limited foreign investors to only investing in government
and corporate bonds with tenures of three years or more, a move that could bolster the domestic bond market.The decision by the RBI,
announced late on Friday, came close on the heels of weak investor interest in two recent auctions that led to a spike in sovereign debt
yields.At Thursday's auction of a 7.37 per cent 2023 bond, the Reserve Bank of India was only able to sell about 430 million rupees out of
headline, this story has not been edited by staff and is published from a syndicated feed.)
