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Govt bond for Rs 33,000 crore Sails through as RBI accepts Bids

Published on June 12, 2022
Current Context: Recently the Reserve Bank of India (RBI) accepted bids for four government bonds worth Rs 33,000 crore.
Govt bond for Rs 33,000 crore Sails through as RBI accepts Bids
  • The RBI accepted bids for a 10-year benchmark with a cut-off level of 7.51% for Rs 13,000 crore.
  • When these Govt bonds get matured next year i.e 2023 the cut-off yield was 6.41% for Rs 4,000 crore.
  • The yield on a 10-year paper is expected to remain range-bound in the near term.
  • It has also been expected that if RBI moves towards the calibrated withdrawal of liquidity then the yield could inch up 7.75-8%.
  • Apart from that central bank will also support the government with its record borrowing program and is monitoring yields.


Q.1 According to the recent report The RBI has accepted the bids for four government bonds for _______ crores?
a. 23,000 crore
b. 33,000 crore
c. 51,000 crore
d. 43,000 crore
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