RBI announces Cancellation of Deferred Auction of Dated Securities and Switching of G-Sec

The RBI on 05 February said that securities from 2014-15 and 2015-16 maturity buckets for face value of about Rs 27000 crore have been successfully switched to longer tenor security with an institutional investor last week. Also it has decided to cancel the deferred auction scheduled on 17 January 2014 amounting Rs 15000 crore. This would result in decrease in Government market borrowing programme for 2013-14 to that extent.

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