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Auction Of Government Bonds Canceled, RBI Worried

Auction of government bonds canceled, RBI worried in the bond market. The Reserve Bank of India (RBI) had expressed serious concern recently about the boom in the bond market.

Meanwhile, on Monday, the government has decided to postpone the new bonds to be issued this week. It has been told by RBI that it has been decided to postpone the proposed auction on 26 March in view of the cash flow situation.

A total of Rs 20,000 crore worth of bonds were due to be issued on 26 March, with bonds of Rs 11,000 crore having a maturity of 11 years and bonds of Rs 5,000 crore with a maturity of 30 years.

The central government decided last month to issue bonds worth Rs 2.16 lakh crore by the end of this month.

The state of revenue collection is not good because of Corona. Because of this, funds are being raised by issuing bonds. RBI issued its first concern last week on the issuance of bonds worth over Rs 2 lakh crore within two months.

RBI had said that the way the interest rates on bonds are going up, can have an impact on the growth rate of the country in the coming days.

It can also disturb the financial market and institutional investors may insist on withdrawals from the Indian market.

The RBI does not want the interest rate on bonds with a maturity of 10 years to go beyond six percent. But it is reported to reach 6.14 percent.

If the volatility on returns on bonds still continues, the central bank may have to take steps to buy bonds from the market. This was pointed out in the RBI report.

Auction of government bonds canceled: If you use a credit card, then this information is included in the statement, do not forget to check.

If you use a credit card, then you will get a statement on a certain date. The statement provides information about how customers have used credit cards for the billing period.

It is important to see the credit card statement because unclear and suspicious transactions will be revealed by it. Experts say that with credit card statements, users can maintain credit scores better.

Many times banks charge for spending more than the sanctioned limit and also charge interest on unpaid amounts. Therefore, users should check and understand the charges that come with the credit card bill.

Many times banks may also charge other fees, such as late payment fees and processing fees. Monitoring credit card details helps users.

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