Govt bond for Rs 33,000 crore sails through as RBI accepts bids

Signals central bank's comfort with yields

Showing comfort with the pricing level in the bond auction, the Reserve Bank of India (RBI) on Friday accepted bids for four government bonds worth Rs 33,000 crore.

This was the first auction for Government of India bonds after the monetary policy review on June 8. The 10-year (6.54 per cent 2032) bond was also part of the auction.

The RBI accepted bids for 10-year benchmark with a cut-off level of 7.51 per cent for Rs 13,000 crore.

For bonds maturing next year (4.56 per cent GS 2023), the cut-off yield was 6.41 per cent for Rs 4,000 crore.

The other securities in auction