RBI's special auction on Friday to sell bonds it wouldn't part with earlier

Central bank will sell Rs 11,000 cr each of 10-yr and 5-yr bonds on Thursday; Govt has kept Rs 2,000 cr green shoe in each; on Friday, RBI will auction Rs 26,000 cr of bonds as per prior plan

The Reserve Bank of India (RBI) will conduct a special auction to sell the same bonds it refused to sell on Friday due to higher yields demanded by the market.

As per a government notification, later notified by the RBI, the central bank will be selling Rs 11,000 crore each of 10-year and 5 year bonds on Thursday. The government has kept an oversubscription option of Rs 2,000 crore in each of the bonds. On Friday again, the RBI will be auctioning Rs 26,000 crore of bonds as per prior plan.