RBI skips 2037 bond as banks ask for too much cash

In a surprising twist, the RBI decided to skip the 2037 bond during its latest auction! Banks were asking for too much cash, so the RBI went ahead and bought ₹50,000 crore worth of other securities instead. Traders are buzzing about what bonds the RBI will scoop up next, with a focus on older and popular options. It’s all about keeping things smooth and steady in the bond market!