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 Money & Banking - Govt Bonds
6.65% Govt stock fully subscribed

Our Bureau

Mumbai, March 14

The Rs 2000-crore 6.65 per cent Government stock, 2009 for the Market Stabilisation Scheme was fully subscribed. The RBI received 105 competitive bids worth Rs 4,972.50 crore and accepted 60 bids for Rs 2,000 crore at the cut-off price of Rs 97.55 (7.96 per cent YTM). The weighted average price was Rs 97.60. It did not receive any non-competitive bids.

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