RBI accepts 77% of January government-security buyback bids

In January, the Reserve Bank of India accepted almost 77% of the notified amount in buyback auctions of government securities. Banks bid aggressively due to deficit liquidity in the banking system. The auctions received bids worth ₹45,710.2 crore for a notified amount of ₹25,000 crore. The RBI accepted ₹19,217.5 crore.