Reserve Bank of India To Auction G-Secs Worth Rs 30,000 Crore Next Friday

Bloomberg Quint | May 22, 2020 at 11:29 PM
  • The government has announced to sell dated securities worth Rs 30,000 crore on May 29, the Reserve Bank of India said in a statement on Friday.
  • The estimated gross market borrowing in the financial year 2020-21 will be Rs 12 lakh crore in place of Rs 7.80 lakh crore as per Budget Estimate (2020-21).
  • As per the RBI, the securities being offered for auction on May 29 are: 6.18 percent GS 2024 (Rs 12,000 crore), New GS 2034 (Rs 11,000 crore) and 7.16 percent GS 2050 (Rs 7,000 crore).