Home / Business and Economy / RBI Auctions ₹30,000 Cr Govt Bonds: What You Need to Know
RBI Auctions ₹30,000 Cr Govt Bonds: What You Need to Know
18 Dec
Summary
- RBI will conduct an underwriting auction for ₹30,000 crore in Government Securities.
- Two securities are on offer: ₹18,000 crore of 6.01% maturing in 2030 and ₹12,000 crore of 7.09% maturing in 2074.
- The RBI also concluded an Open Market Operation purchase of ₹50,000 crore in Government Securities yesterday.
The Reserve Bank of India (RBI) has announced that an underwriting auction for Government Securities totaling ₹30,000 crore is scheduled for tomorrow, December 19th. This auction will feature the re-issue of two key securities: ₹18,000 crore of the 6.01% Government Security maturing in 2030 and ₹12,000 crore of the 7.09% Government Security maturing in 2074. Primary Dealers will participate in this multiple price-based auction.
In parallel, the RBI released the cut-off yields and prices from its Open Market Operation (OMO) purchase conducted yesterday, December 18th. This OMO operation involved an aggregate notified amount of ₹50,000 crore across seven government securities with maturities ranging from 2029 to 2054. The highest amounts were accepted for securities maturing in 2032, 2033, and 2035.
