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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.

Question:

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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