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Our Bureau

Mumbai , June 23

THE 7.49 per cent 2017 Government stock auction for Rs 5,000 crore was fully subscribed, according to a release from the Reserve Bank of India.

RBI got 336 competitive bids amounting to Rs 11,323 crore. Of this, 156 bids were accepted, amounting to Rs 4,937.57 crore.

The cut-off price was Rs 104.60. The partial allotment percentage of competitive bids was Rs 38.54 from 13 bids. The weighted average price was Rs 104.76.

RBI also received and accepted 62 non-competitive bids amounting to Rs 62.42 crore. The partial allotment percentage was 100 per cent.

The amount of underwriting accepted from primary dealers was Rs 2,065 crore. Devolvement on primary dealers and devolvement on RBI was nil.

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