Bonds See Biggest Gain in 2-1/2 Weeks as RBI Trims Auction Size

Government bonds gained on Monday, sending yields down by the most in two-and-half weeks, after the Reserve Bank of India (RBI) trimmed the size of this week's debt sale while also approving the transfer of its surplus profits to the government. Traders also said sentiment improved after the central bank announced its first-ever one-day variable rate overnight repo auction for Rs 5000 crore earlier in the day. The auction comes ...