News From Press Mutual funds miss opportunity to exit loss-making inflation index bonds

Mutual funds miss opportunity to exit loss-making inflation index bonds

Source: The Economic Times Jan 15, 2016

Mutual funds have missed an opportunity to exit investments in the loss-making inflation index bonds as the Reserve Bank of India has on Thursday rejected all higher-than-expected bids received in the buy-back scheme for Rs 6,500 crore worth of such bonds.

"After examining the bids, it has been decided in consultation with government of India not to accept any offer," RBI said in a release on Thursday. "The repurchase auction of 1.44% Inflation Index GS 2023 was conducted today."

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