Bond Market Test for Rajan

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24th September 2013

RBI Policies   Hi Promofree Bond Market Test for Rajan The Headline in the Times of India scream “Rs 4000 crores of Gilts Unsold”.  The headline is factually incorrect as all government bond auctions are fully underwritten and no auction can fail. The paper wanted to sensationalize the fact that the RBI partially devolved the Rs 15,000 crores (27% of auction was devolved) on to the underwriters of the bond auctions, the Primary Dealers (PD).  click here to read full analysis Arjun Parthasarathy www.investorsareidiots.com arjun@investorsareidiots.com Information herein is believed to be reliable but the editor of Investors are Idiots.com Arjun Parthasarathy does not warrant its completeness or accuracy. Opinions and estimates are subject to change without notice. This information is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The financial markets are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved. Unauthorized copying, distribution or sale of this publication is strictly prohibited. The author of the articles may have investments in instruments that are the subject of the articles. © InvestorsAreIdiots.com. All rights reserved. Not interested in receiving emails from us? Click to unsubscribe.