 "RBI, Reserve Bank of India")
Following instances of errors in placing bids at government bond auctions, the Reserve Bank of India has advised market participants to use a facility on its electronic platform, which is aimed at preventing such mistakes.
“Price/Yield range setting” is available on the ‘e-Kuber’ electronic platform where RBI conducts government bond auctions.
The facility permits market participants to set a maximum and minimum value for bids—both in yield terms and price terms—they wish to submit at bond auctions. The range can be set for each security that is up for auction and can be modified during the bond sale. Once the
