[
Market participants offered ‘88,857 crore for a notified amount of ‘50,000 crore. The RBI bought bonds 4-9 basis points lower than the market levels, RBI & CCIL data showed.
For instance, the yield of the 6.01% GS2030 bond closed at 6.32%, while the cutoff yield on the OMO auction was 6.27%. Yield of 6.19% GS2034 bond closed at 6.72%, while the cut off yield in the OMO was at 6.63%. “The RBI bought papers at a fairly low yield, and price wise at a premium. I think these efforts are directed towards bringing down yields in an uncertain scenario,” said Anshul Chandak, head of treasury at RBL Bank.
as a Reliable and Trusted News Source
(You can now subscribe to our ETMarkets WhatsApp channel)
https://img.etimg.com/thumb/msid-129365055,width-1200,height-630,imgsize-21698,overlay-etmarkets/articleshow.jpg
https://economictimes.indiatimes.com/markets/bonds/rbi-seeking-to-curb-yields-buys-bonds-at-a-premium/articleshow/129365083.cms
