Mumbai, July 24 -- The Reserve Bank of India (RBI) on Friday raised Rs 28,000 crore through the auction of a new 2041 government security and the 7.43% GS 2076 bond, with strong investor demand for both securities.

The RBI had notified Rs 17,000 crore for the new Government Security maturing in 2041 and Rs 11,000 crore for the 7.43% GS 2076.

The new GS 2041 attracted 276 competitive bids worth Rs 49,600 crore against the notified amount of Rs 17,000 crore. The cut-off price was fixed at Rs 100.00, translating into a yield of 7.0600%.

The weighted average price stood at Rs 100.05, while the weighted average yield came in at 7.0540%. The RBI accepted 141 competitive bids amounting to Rs 16,967.11 crore. Eighty-one bids at the cut-off pri...