The Rs 4,000 crore auction of 8.07 per cent 2017 paper devolved by 61 per cent on the Reserve Bank of India and primary dealers.
Of this, the devolvement on the latter alone was to the extent of 32 per cent or Rs 1,285 crore, while on the central bank, it was Rs 1,157 crore.
The auction of the 10-year paper with a put & call option, however, was fully subscribed.
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The cut-off price for the 15-year paper was Rs 102.30 (estimated yield of 7.80 per cent). For the 10-year paper the cut-off yield was pegged at 6.72 per cent. Both the yields were in accordance with the market expectation.
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