Government bond auction: RBI raises Rs 32,000 crore across 2031 and 2066 securities
Mumbai, June 12 -- The Reserve Bank of India on Friday raised Rs 32,000 crore through the auction of government securities, with strong investor demand for both the 6.36% GS 2031 and 7.71% GS 2066 bonds.
The RBI had notified Rs 21,000 crore of the 6.36% GS 2031 security and Rs 11,000 crore of the 7.71% GS 2066 bond.
The 6.36% GS 2031 attracted 260 competitive bids worth Rs 54,660 crore against the notified amount of Rs 21,000 crore. The cut-off price was set at Rs 99.43, translating into a yield of 6.5006%.
The weighted average price stood at Rs 99.47, while the weighted average yield came in at 6.4905%. The RBI accepted 70 competitive bids amounting to Rs 20,983.05 crore. Twenty-six bids received partial allotment at 66.0555%.
The 7....
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