The RBI purchased Rs 6,156.74 crore of government bonds through an open market operation (OMO) auction on Monday, less than the notified amount. Last week, RBI governor Raghuram Rajan had said the RBI planned to purchase Rs 8,000 crore of government bonds through OMOs to improve liquidity.
The RBI offered to buy 7.17% 2015 gilts, 7.59% 2016, 7.83% 2018 and 8.20% 2025 gilts in the auction, which was conducted after over a month.
Market participants offered to sell four gilts worth Rs 13,765.94 crore.
The apex bank received 81 bids worth R4,028.78 crore for the 8.2% 2025 gilt and accepted 37 bids worth R1,041.11 crore at a cut-off yield of 9.1552%.
For the 7.17% 2015 gilt, the RBI received 78 bids worth R5,650.38 crore and accepted 55 bids worth R3,732.98 crore at a cut-off yield of 8.4963%.
For the 7.83% 2018 government bond, the RBI got 27 bids worth R1,981.94 crore and bought 11 bids worth R382.05 crore.
The RBI received the lowest number of bids for the 7.59% 2016 gilt. It got 16 bids worth R2,104.84 crore for this gilt and accepted three bids worth R1,000.6 crore.