Indian central bank rejects all bids at treasury bill auction as short-term yields surge

MUMBAI, Oct 21 (Reuters) - India's central bank rejected all bids at a treasury bill auction on Wednesday, which traders said could be a sign of authorities' growing discomfort with the recent rise in short-term yields.

The government had planned to raise 230 billion rupees ($2.43 billion) through the sale of 91-day, 182-day and 364-day treasury bills. Traders said the cutoff yields likely came in above the Reserve Bank of India's expectations.

Here are ⁠some details:

($1 = 94.6350 Indian rupees)

Reporting by Dharamraj Dhutia; Editing by Sonia Cheema