Mumbai, Sept. 3 -- Indian G-sec yields saw choppy moves today despite a surge in yields in major global market bond markets. Focus stayed on the GST council meet to assess its likely impact on government revenue. The benchmark 6.33 GS 2035 yield is hovering around 6.56% right now. The Government of India (GoI) has announced the sale (re-issue) of (i) "6.28% Government Security 2032" for a notified amount of Rs 11,000 crore and (ii) "7.09% Government Security 2074" for a notified amount of Rs 14,000 crore. The auction will be conducted using multiple price method. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (e-Kuber system) on Septembe...
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