Govt cancels sale of Rs 10,000 cr bonds
Government on Friday cancelled the auction of bonds worth Rs 10,000 crore in view of liquidity problems.
By PTI |
NEW DELHI: Government on Friday cancelled the auction of bonds worth Rs 10,000 crore in view of liquidity problems.
"Having regard to the current liquidity conditions and other relevant factors, the Government of India, in consultation with the Reserve Bank, has decided to cancel the auctions," RBI said in a statement.
The central bank had, earlier, announced the sale of a new 6-year government stock for Rs 6,000 crore and sale of 7.95 per cent government stock 2032 worth Rs 4,000 crore.
Both auctions, which were scheduled for today, have been cancelled, it said.
"Having regard to the current liquidity conditions and other relevant factors, the Government of India, in consultation with the Reserve Bank, has decided to cancel the auctions," RBI said in a statement.
The central bank had, earlier, announced the sale of a new 6-year government stock for Rs 6,000 crore and sale of 7.95 per cent government stock 2032 worth Rs 4,000 crore.
Both auctions, which were scheduled for today, have been cancelled, it said.
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