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Our Bureau

Mumbai , June 16

The RBI has increased the amount of Government securities to be held on June 22 from Rs 5,000 crore to Rs 9,000 crore.

In a press release on Friday, RBI announced the sale of the 7.37 per cent G-Sec 2014 for Rs 500 crore through multiple price method and the 7.94 per cent G-Sec 2021 for Rs 4,000 crore, through the uniform price method.

According to a primary dealer, as the bond prices are higher than expected, they could open 10-20 paise lower on Monday. However, they may recover later. "But the issues will sail through smoothly. There will be enough buyers interested in the short-term 8-year paper and long term investors like LIC would pick the 15-year long term paper," the dealer said.

More Stories on : Govt Bonds | RBI & Other Central Banks

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