News Business RBI raises $3.3 billion in biggest-ever bond auction

RBI raises $3.3 billion in biggest-ever bond auction

Mumbai: The Reserve Bank of India on Thursday fully sold the $3.31 billion worth of bonds on offer at its biggest auction ever, sparking strong gains in debt markets. The 10-year benchmark bond yield fell

rbi raises 3.3 billion in biggest ever bond auction

India TV News Desk Published : Apr 18, 2014 16:56 IST Updated : Apr 18, 2014 16:58 IST

Mumbai: The Reserve Bank of India on Thursday fully sold the $3.31 billion worth of bonds on offer at its biggest auction ever, sparking strong gains in debt markets.

The 10-year benchmark bond yield fell 4 basis points to 8.93 per cent from 8.97 per cent before the auction results after the better-than-expected cutoffs. The yield was down 3 bps on the day.

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