RBI holds back selling 10-yr bond

Published On: Friday, June 25, 2021 | By: Team KnowMyStock

The RBI did not sell any of its planned Rs 14,000 crore of the benchmark 10-year bond on auction today(25th June 2021), which may indicate its discomfort in breaching the limit outstanding in the bond, and that a new 10-year bond could be coming any time soon, maybe in the next auction itself. The government has raised more than Rs 1.19 trillion against the existing bond, a limit after which a new paper is issued to ease the redemption pressure. The RBI, however, had paid underwriting fees for the existing 10-year paper, indicating its willingness to sell the bond. And so, experts say, it could be a late decision not to increase the volume. In today's auction, the RBI sold a little more than Rs 12,000 crore, less than half of the Rs 26,000 crore planned through three bonds.

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