RBI cancels bids for Rs 11,000 cr bonds The Reserve Bank of India (RBI) on Friday refused to accept bids for Rs 11,000 crore worth of bonds in the final auction of this calendar year.In all, four bonds for Rs 15,000 crore were on offer.Bids for two bonds —one maturing in 2022 (Rs 3,000 crore on offer) and another in 2031 (Rs 8,000 crore)—were rejected by the central bank. It sold the remaining two bonds worth Rs 2,000 crore each and maturing in 2033 and 2046.The signal from the RBI has been that high yields would not be acceptable to the central bank or the government.Also, and that the yield movement have been over the top inashort span. The decision not to accept bids for two bonds addressed some of the market concerns related to liquidity after the government announcement on Thursday that it was going for additional borrowing of Rs 50,000 crore."The partial cancellation of the auction means that the government has a comfortable cash position and is unwilling to pay high