RBI VRR auction oversubscribed; cut-off at 5.55%
Published 1 d ago2 sourcesEvidence: Reported
The Reserve Bank of India conducted an underwriting auction for government securities, setting cut-off commission rates for Primary Dealers. The auction covered ₹19,000 crore of 6.53% GS 2031 and ₹14,000 crore of 7.71% GS 2066, with total underwriting commitments fully met. This routine operation indicates stable demand for government debt and normal market functioning.
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