- 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
