The Reserve Bank of India (RBI) reported strong investor participation in its latest bond auctions, with partial allotments at both the 2065 and 2040 bond sales. While bids exceeded available issuance, the RBI accepted a portion, highlighting robust demand for long-term securities amid India’s evolving interest rate and fiscal environment.
The Reserve Bank of India (RBI) announced results of its recent long-term bond auctions, reflecting strong investor appetite for government securities.
At the 2065 bond auction, RBI accepted 113 bids worth ₹129.76 billion out of 156 bids totaling ₹243.35 billion, with a partial allotment of 87.94% on two bids.
Similarly, at the 2040 bond auction, RBI accepted 118 bids worth ₹159.76 billion out of 264 bids totaling ₹402.82 billion, with a partial allotment of 70.79% on 17 bids.
Key Highlights:
2065 Bond Auction:
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Bids received: ₹243.35 billion across 156 bids.
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Accepted: ₹129.76 billion across 113 bids.
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Partial allotment: 87.94% on 2 bids.
2040 Bond Auction:
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Bids received: ₹402.82 billion across 264 bids.
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Accepted: ₹159.76 billion across 118 bids.
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Partial allotment: 70.79% on 17 bids.
The auctions underscore strong demand for long-term securities, reflecting investor confidence in India’s fiscal management and monetary stability.
Sources: Reserve Bank of India (RBI), Economic Times, Mint, Business Standard