India shuns US bonds amid rising yields

North Block’s money manager has lately booked handsome profits, just like the average Mumbai investor does when she is ahead in the game. The only difference is that the central bank lightened its holding of US Treasuries, having kept a hawk eye on the movement of yields stateside.
So, just how much did the Reserve Bank of India (RBI) recently sell from its UST kitty? About 10 billion, the latest data showed. The profits should fatten RBI’s top-line, and leave enough for it to give back to its principal owner – the government