price auctions

government bonds: Multiple price auctions show confidence in g-sec demand

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Mumbai: The Reserve Bank of India’s (RBI) decision to revert to the multiple price method for auctions of sovereign bonds after three years signals confidence on the part of the Centre and its debt manager about New Delhi’s fiscal management, with the first such debt sale validating that trust. The multiple price auction method was … Read more

RBI: Multiple price auctions make a comeback

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Mumbai: The Reserve Bank of India (RBI) is reverting to the multiple price method for all auctions of government bonds, three years after the Centre’s money manager had moved to the uniform price method to curb volatility in the sovereign bond market amid the Covid crisis. “On a review of the prevailing and evolving market … Read more