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Funding and debt▼ Bearish for Indian equities
SIDBI withdraws ₹6,000 crore three-year bond issue as yields harden
The brief
- SIDBI withdrew its ₹6,000 crore three-year bond issue as investors sought higher yields
- Government bond yields hardened amid rising crude oil prices and higher US Treasury yields
- Harder yields can raise funding costs for Indian banks and NBFCs