Centre borrowed Rs.26,750 crore from the market last week
Click here to read full article from source
MUMBAI, June 14 -- The central government borrowed Rs.26,750 crore in the weekly market borrowing auction held on 11 June, Rs.750 crore more than the notified amount, Care Ratings said in a note.
During the auction, bids worth Rs.9,975 crore were devolved to primary dealers in case of the 10-year bond, maturing in 2030.
"The Reserve Bank of India (RBI) has managed to maintain the cut-off yields in case of the 10-year paper at below 6%. This is the second instance during this fiscal wherein there has been a devolvement of the bids to the primary dealers in case of the 10-year paper," it said.
In case of the two-year paper, the note said, green shoe option worth Rs750 crore was exercised.
The amount raised so far in FY22 is Rs2.7 trilli...
To read the full article or to get the complete feed from this publication, please Contact Us