Finance
DoggfatherRBI Passes on 2037 Bonds, Snags ₹50K Crore Instead
Yo, check it, the RBI was cruisin’ smooth at the OMO auction, passin’ on them 2037 bonds 'cause banks was throwin’ bids higher than the moon. They snagged ₹50,000 crore worth of other bonds while the 2034s was poppin’ like popcorn, keepin’ that liquidity flow fresh and clean, ya dig?
few days ago | Anjali Kumari
Quick rundown
1.RBI declined bids for 2037 security due to high prices.
2.Strong demand for 7.10% 2034 bond, accepted above market expectations.
3.RBI purchased ₹50,000 crore in securities, focusing on liquidity.
4.Quarter-end profit booking influenced bond pricing.
5.RBI likely to focus on liquid, well-held securities in future OMOs.
