 "RBI, Reserve Bank of India")
The government bond auction for Rs 32,000 crore, the first after the 40 basis point hike in the policy repo rate, sailed through on Friday as the Reserve Bank of India (RBI) accepted the bids.
The auction was scheduled for four securities — 5.74% GS 2026 (Rs 9,000 crore), GOI Floating Rate Bond 2028 (Rs 4,000 crore), 6.67% GS 2035 (Rs 10,000 crore), and 6.99% GS 2051 (Rs 9,000 crore).
Bond dealers said the yield had moved up before the repo rate hike. The acceptance of bids indicates the RBI is not alarmed at the rising yields.
If government borrowing
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