Government Securities

Stock brokers may be allowed in the RBI-operated NDS-OM system for government securities

Along with OMO sales, the RBI has also been conducting VRRR auctions in order to drain excess liquidity

Dimple Bhandia highlighted that the credit derivatives market has been another area that has struggled to take off

The 10-year benchmark bond yield inched up to 7.02 per cent during the day as traders sold their securities at a profit

The yield on the benchmark 10-year government bond fell by 20 basis points in May so far

The securities scheduled for buyback were 6.18 per cent 2024, 9.15 per cent Government Securities (GS) 2024, and 6.89 per cent GS 2025

This change in behaviour can be attributed to some fund houses capitalising on profit opportunities by selling bonds, while others are actively trimming the duration of their portfolios

RBI announced its plan to repurchase securities worth Rs 40,000 cr

RBI had announced its plan to repurchase securities worth Rs 40,000 crore

Banks must categorize bonds as 'held-to-maturity' on a permanent basis, with the exception of 5 per cent of the portfolio that can be withdrawn throughout the year, according to the new norms

The Reserve Bank on Friday announced the launch of a mobile app to enable retail investors to participate in government securities (G-Secs) or government bonds market. RBI Retail Direct Scheme, launched in November 2021, gives access to individual investors to maintain gilt accounts with the RBI and invest in government securities. The Scheme enables investors to buy securities in primary auctions as well as buy/sell securities through the Negotiated Dealing System - Order Matching system (NDS-OM) platform. "To further improve ease of access, a mobile application of the Retail Direct portal is being developed. The app will enable investors to buy and sell instruments on the go, at their convenience. The app will be available for use shortly," RBI Governor Shaktikanta Das said, while announcing the first bi-monthly monetary policy for the current fiscal. The government is planning for gross market borrowing of Rs 14.13 lakh crore for 2024-25. Out of this Rs 7.5 lakh crore, or 53 per

Under the multiple price auctions, buyers are allotted bonds at the price they bid at, while uniform pricing means bonds are sold at the cutoff level

Sitharaman lauded the RBI's resilience and leadership among its central bank counterparts, emphasizing its crucial role in maintaining financial stability

In the first quarter of the financial year 2023-2024, states had borrowed 84 per cent of the notified amount of Rs 1.9 trillion

Cite better balance between demand and supply as well as inflation relief

Next week, states will participate in the final auction for the current financial year and as per the indicative calendar, they are expected to raise Rs 29,399 crore from the market

At the previous state loan auction, the cut-off yield on the 10-year state government securities was set in a range of 7.36-7.41 per cent

Governance standards, viability of biz among priorities

Sentiment was also impacted by VRRR auctions by RBI last week to suck out liquidity

Gilt and dynamic fund investors reap nearly Rs 330 crore in gains, reveals estimates