Reserve Bank of India to conduct auction of 10-year govt bond on Friday

The Reserve Bank of India (RBI) will conduct the auction of a new 10-year government bond on Friday, the central bank said through a press release on Monday. 

The government will sell a notified amount of Rs 28,000 crore worth of three securities on Friday, including Rs 12,000 crore worth of a new 10-year paper, which will mature in 2033. As the government’s debt manager, the RBI conducts primary auctions of sovereign bonds.

The 10-year benchmark government bond is the pricing benchmark for the sovereign bond yield curve and is typically the most liquid paper in the secondary market for