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RBI auctions 6 Yrs G-Sec, 2014 on Oct 31

RBI auctioned 6 Years Government Stock (G-Sec), 2014 today, October 31. The underwriting notified amount for the auction was Rs 60 billion. The multiple price-based auctions for the bills remained oversubscribed. RBI received 281 competitive bids worth Rs 214.46 billion for the bills. However, it accepted only 127 bids for the notified amount.

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