RBI Concludes Rs 6,000-crore Pvt Placement

Mumbai, May 30: | Updated: May 31 2002, 05:30am hrs
The Reserve Bank on Thursday privately placed the 7.49 per cent 2017 and the 10.18 per cent 2026 dated-stocks for Rs 6,000 crore at a price of Rs 96.60 and Rs 115.70, respectively. The cut-off yield worked out to 7.90 per cent and 8.62 per cent, respectively. Further, the 10.18 per cent 2026 has been put on tap through the OMO from Friday at Rs 115.70.

The 7.49 per cent 2017 opened at Rs 96.30 in the morning and closed at Rs 96.25 while the 10.18 per cent 2026 opened at Rs 116.75/117 in the morning and closed at Rs 115.70.

Dealers said both these stocks are comparatively illiquid stocks. The 10-year benchmark opened at 7.64/7.65 per cent, but was seen at 7.75 at the end.