The RBI on Friday called off government securities (G-secs) auction worth Rs 14,000 crore for the benchmark 10-year bonds as traders demanded higher yield. However, the central bank was not willing to pay a higher price. According to RBI data, Rs 5,100-crore government bonds maturing in 2022 were sold on Monday, compared to its earlier announcement that Rs 3,000-crore such bonds will be sold. It managed to sell Rs 6,237-crore bonds maturing in 2061, compared to Rs 9,000-crore announced earlier. It also cancelled the auction of bonds worth Rs 14,000 crore maturing in 2030. In this episode of the Tit Bits, our Business Editor Mr Akhilesh Bhargava shares his take.
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