Business Daily from THE HINDU group of publications
Saturday, Oct 11, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, Oct 11, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Money & Banking
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Govt Bonds G-Sec auction cancelled Mumbai, Oct 10 The Reserve Bank of India on Friday announced the cancelling of the Rs 10,000 crore worth government securities auction, which was scheduled for October 10. In a notice issued today, the RBI said, "Having regard to the current liquidity conditions and other relevant factors, the Government of India, in consultation with the Reserve Bank of India, has decided to cancel the auctions." The government had announced the sale of a new six-year G-Sec for Rs 6,000 crore through a yield based auction and also the re-issue of 7.95 per cent-2032- paper for Rs 4,000 crore through a price-based auction.- Our Bureau More Stories on : Govt Bonds | CRR & Bank Rates
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