RBI accepts bids worth Rs 9,296 crore in switch auction
In a government switch auction on Monday, the Reserve Bank of India accepted approximately ₹9,296 crore out of the notified ₹25,000 crore. Traders indicated that the yields demanded by market participants potentially exceeded the RBI's acceptable ...
By ET Bureau | Updated:
Reuters
In a switch auction, the RBI swaps the outstanding amount in a security with a bond maturing later.
Mumbai: In a government switch auction conducted on Monday for a notified amount of ₹25,000 crore, the Reserve Bank accepted about ₹9,296 crore as the yields wanted by market participants may have been higher than the RBI's comfort level, traders said.
The RBI had initially planned to switch nine securities maturing in FY27 with securities maturing beyond FY 32. In a switch auction, the RBI swaps the outstanding amount in a security with a bond maturing later.
The RBI had initially planned to switch nine securities maturing in FY27 with securities maturing beyond FY 32. In a switch auction, the RBI swaps the outstanding amount in a security with a bond maturing later.
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