PSU Bond Issues Paused Amid Rising Yields

Recently, three big government companies in India—IRFC, PFC, and Sidbi—decided to cancel their plans to sell bonds.

They did this because investors wanted higher interest rates than the companies were willing to offer.

Even though the central bank (RBI) cut its interest rates, the rates for bonds went up instead of down.

This happened because of things like the rupee losing value, worries about the global economy, and not enough foreign investors buying Indian bonds.

Experts say that long-term bond rates are affected by many things, not just the central bank's rate cuts.

So, these companies decided to wait instead of selling bonds at higher rates.