RBI Announces Underwriting Auction Results for Govt Securities

The Reserve Bank of India (RBI) held an auction to help sell government bonds.

Primary dealers, a special group of financial institutions, promised to buy these bonds.

The auction was for two types of bonds, one maturing in 2030 and another in 2055.

For the 2030 bonds, the RBI set a commission rate of 0.40 paise for every Rs 100.

For the 2055 bonds, the commission rate was 0.78 paise for every Rs 100.

This helps the government borrow money to fund its activities.

The auction ensures that the bonds are fully subscribed, and the government can operate smoothly.