The Hindu Business Line : RBI buys back Rs 10,000 cr of MSS bonds

Mumbai, Nov. 6 The Reserve Bank of India on Thursday bought back Rs 10,000 crore of MSS dated securities, as part of the measures announced to infuse liquidity into the system.

The RBI conducted the buy back of two Government securities — 6.65 per cent 2009 paper and the 5.48 per cent 2009 paper. The notified amounts for both papers were Rs 5,000 each.

For the 6.65 per cent 2009 G-Sec, the RBI received 151 competitive bids amounting to Rs 13,142.03 crore.

The cut off price was Rs 99.93 (6.78 per cent YTM). RBI accepted 68 bids. The partial allotment percentage was Rs 13.45 per cent from 13 bids. The weighted average price was Rs 99.9.

For the 5.48 per cent 2009 G-Sec, the RBI received 98 competitive bids amounting to Rs 8670.15 crore.

The cut-off price was Rs 99.23 (6.82 per cent YTM). RBI accepted 63 bids. The partial allotment percentage was 26.47 per cent from seven bids.

The weighted average price was Rs 99.16.

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