Finance
Mr. BillionhairRBI Says No to 2037 Bond, Banks Go Wild with Bids!
Folks, the RBI just said 'no thanks' to that 2037 bond! Banks were throwing money like confetti, but the RBI played it cool, grabbing ₹50,000 crore in securities instead. Everyone's buzzing about the hot 2034 bond—it's a big deal! Get ready for more action, folks! It's going to be huge, believe me!
few days ago | Anjali Kumari
Quick rundown
1.RBI declined bids for 2037 security due to high prices.
2.Strong demand for 7.10% 2034 bond, accepted above market expectations.
3.RBI purchased ₹50,000 crore in securities, focusing on liquidity.
4.Quarter-end profit booking influenced bond pricing.
5.RBI likely to focus on liquid, well-held securities in future OMOs.
