RBI's inflation indexed bond auction devolves partially

Central bank accepts bids worth Rs 468 crore while rest devolve on primary dealers

The Reserve Bank of India's (RBI) auction of 1.44% Inflation Indexed Government Stock-2023 for a notified amount of Rs 1,000 crore devolved partially on primary dealers on Tuesday.

RBI accepted bids worth Rs 468 crore while the rest devolved on primary dealers.

The cut-off yields was set at 3.47%.