The Reserve Bank of India (RBI) raised Rs 2,532 crore through the open market operation bond sale on Thursday, against the targeted Rs 12,000 crore.
The RBI received bids worth Rs 24,279 crore at the auction and rejected all bids for 8.07 per cent, 2017 bonds as well as for 8.15 per cent, 2022 bonds.
The RBI had received bids worth Rs 3,833 crore for the 2022 bonds and Rs 5,767 crore for the 2017 bonds.
The cut-off price for the 8.33 per cent 2026 bonds was Rs 100.75, yielding 8.2343 per cent, lower than the poll forecast of 8.2532 per cent.
For the 8.97 per cent 2030 bonds, the RBI set a cut-off price of Rs 103.80, yielding 8.5444 per cent, marginally lower than the poll forecast of 8.5531 per cent.
Copyright @ Thomson Reuters 2013
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