Reserve Bank of India (RBI) sold Rs 140 billion worth bonds of various tenure on behalf of government.
The central bank sold 2020 bond, 2025 bond, 2032 bond and 2035 bond through a recent auction.
The central bank set a cut-off price of Rs 104.22, yielding 7.6598 percent for the 8.20 percent 2025 bond. For the 8.12 per cent, 2020 bond, the RBI set a cut-off price of Rs 102.41, or yield of 7.6871 per cent.
RBI fixed a cut-off price of Rs 104.61, yielding 7.8489 per cent for the 8.32 per cent 2032 bond. For the 7.40 per cent 2035 bonds, the RBI set a cut-off price of Rs 95.80, yielding 7.7994 per cent.
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