Big Bond Sale Ahead: India to Auction ₹32,000 Crore in Government Securities on June 6

The Indian government is set to raise ₹32,000 crore through a major bond auction on June 6, giving investors a fresh opportunity to buy into long-term government securities. According to official announcements, the sale will include two key offerings: ₹16,000 crore of the 6.92% Government Security maturing in 2039, and ₹16,000 crore of a new 6.90% Government Security maturing in 2065.

 

Key Highlights:

Recent trends show strong demand for Indian government bonds, with yields dipping to multi-week lows as investors, insurers, and the RBI itself continue to buy in.

Market sentiment remains positive, bolstered by the RBI’s liquidity support and expectations of stable interest rates, even as global economic conditions remain uncertain.

 

The results of this auction will be closely watched by domestic and international investors, as they could influence the bond market’s direction in the coming months.

 

Sources: Business Standard, Wealthy.in, 5paisa