RBI Announces ₹29,000 Cr G-Sec Auction
Auction Details:
The Reserve Bank of India announced an underwriting auction for sale (re-issue) of government securities worth ₹29,000 crore.
Securities on Offer:
The auction includes ₹17,000 crore of 6.68% Government Security maturing in 2040 and ₹12,000 crore of 7.43% Government Security maturing in 2076
How Auction Works:
Primary Dealers must commit minimum underwriting amounts, with bidding conducted via RBI’s e-Kuber system using a multiple price-based method.
Click Here Why It Matters:
Such auctions help the government manage borrowing needs while ensuring liquidity and stability in the bond market.
Additional Support Measures:
RBI also extended export credit timelines up to 450 days, supporting businesses amid global trade disruptions.
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