Of these bids, the RBI accepted ₹7,388 crores. Banking system liquidity was in a deficit of ₹41,562 crore as of June 28. The daily average liquidity in June so far stood at ₹80,519 crore. The daily average surplus stood at ₹1.62 crores in May and ₹3.80 lakh crore in April, RBI data showed.
” usually participate in such auctions and many expect cash to come in due to FCNR(B) inflows. So, they did not sell these securities. Plus, these are short-term papers, which will mature in a year or so,” said Alok Singh, head of treasury, .
The had four papers – 7.33% GS 2026, 5.74% GS 2026, 8.15% GS 2026 and 8.24% GS 2027. Separately, the benchmark 10-year eased two basis points to 6.75%, and was at its lowest since March 20.
The 10-year yield has eased over 22 bps so far in June, supported by a 20% decline in oil prices to $72 per barrel.
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The fall in bond prices is also supported by overseas portfolio inflows into , which are at a record high in June at ₹40,000 crore, CCIL data showed.
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