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RBI To Sell INR 260bn Bonds Post-RBI

INDIA

The RBI will sell a total of INR 260bn of bonds at auction today.

  • INR 30bn 4.26% 2023 (last sold on July 23, yield: 4.2453%, cover: 4.32); INR 111bn devolved on primary dealers
  • INR 140bn 6.10% 2031 (last sold on July 23, yield: 6.1498%, cover: 8.74)
  • INR 90bn 6.76% 2061 (last sold on July 23, yield: 7.1890%, cover: 2.62)
  • Note the sale of the 4.26% 2023 line will be conducted using uniform price method, the other issues using the usual multiple price method.

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