The Reserve Bank of India received 83 competitive bids for an amount of Rs. 2,102 crore.

The Reserve Bank of India set the cut-off price at Rs. 82 on inflation-indexed bonds (yield-to maturity 3.6624 per cent) for a notified amount of Rs. 1,000 crore at the bond auction held on Tuesday.

The RBI received 83 competitive bids for an amount of Rs. 2,102 crore. It accepted 46 bids for an amount of Rs. 960 crore, and the devolvement on primary dealers amounted to Rs. 40 crore.

Special repo auction

At the special repo auction held on Tuesday for purchase of securities by the RBI with a fixed rate of 10.25 per cent, the Central Bank did not receive any bids.

The RBI accepted bids for a total amount of Rs. 7,091 crore under the 10-year state development loans of 12 state governments for raising Rs. 9,235 crore. The cut-off yields ranged from 9.65 per cent to 9.94 per cent.

LAF auction

Under the liquidity adjustment facility, the RBI conducted one-day reverse repo auction for sale of securities at a fixed rate of 6.50 per cent.

It received two bids for an amount of Rs. 15 crore, and accepted them in full.

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