Decision/Other/
Adopted
Reserve Bank rejects bids outside determined price/yield limits
The Reserve Bank of India will reject auction bids quoted below its determined minimum price or above its maximum yield, setting the cut-off for accepted government securities tenders.
Actors and targets
Targets Bids quoted at rates lower than the minimum price/higher than the maximum yielditem
Source
Bids quoted at rates lower than the minimum price/higher than the maximum yield determined by the Reserve Bank of India will be rejected.
Not established
- Auction date
- Specific security or issue
- Notified amount
- Determined minimum price or maximum yield values
Extracted detail
- Decision maker
- Reserve Bank of India
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