Mumbai, Sept. 26 -- The government raised Rs 32,000 crore through the sale of two dated securities in Friday's weekly auction, with strong demand seen across maturities.
The Reserve Bank of India (RBI) sold Rs 16,000 crore of the 6.68% GS 2040 and Rs 16,000 crore of the 6.90% GS 2065.
For the 6.68% GS 2040, the cut-off price was set at 98.50, implying a yield of 6.84%. Competitive bids worth Rs 40,050 crore were received, of which Rs 15,981.55 crore were accepted across 71 bids. The weighted average yield stood at 6.84%.
In the 6.90% GS 2065, the cut-off price was 95.60, translating into a yield of 7.24%. Bids worth Rs 43,834.35 crore were received, of which Rs 15,978.18 crore were accepted across 31 bids. The weighted average yield st...
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