RBI manages to sell entire stock in Friday's Rs 120-bn bond auction

RBI, on behalf of the government, sold five bonds, including one fixed rate bond maturing in 2031, against which it raised Rs 40 bn

After seeing four of its bond auctions partially remaining unsold, the Reserve Bank of India (RBI) managed to sell the entire stock of its Friday’s Rs 120 billion auction to the market.

The RBI, on behalf of the government, sold five bonds, including one fixed rate bond maturing in 2031, against which it raised Rs 40 billion. 

Economic Affairs Secretary, Subhash Garg said in a televised press conference at New Delhi that the government may have misunderstood the market demand for certain set of maturities, and it may change the composition of bonds used to borrow the first half programme