Business Standard

RBI's inflation indexed bond auction devolves partially

Central bank accepts bids worth Rs 468 crore while rest devolve on primary dealers

Neelasri Barman Mumbai
The Reserve Bank of India's (RBI) auction of 1.44% Inflation Indexed Government Stock-2023 for a notified amount of Rs 1,000 crore devolved partially on primary dealers on Tuesday.

RBI accepted bids worth Rs 468 crore while the rest devolved on primary dealers.

The cut-off yields was set at 3.47%.

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First Published: Aug 27 2013 | 4:10 PM IST

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