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Banking | RBI increases issuance size of govt securities

Banking | RBI increases issuance size of govt securities
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First Published: Mon, May 18 2009. 11 37 PM IST
Updated: Mon, May 18 2009. 11 37 PM IST
Mumbai: The government will increase the issuance size of government securities to Rs15,000 crore from Rs12,000 crore in each of the two auctions to be held between 15-29 May, the Reserve Bank of India (RBI) said in its website on Monday.
The decision was taken after a review of the emerging requirements of the government, market conditions and other relevant factors, the bank said.
However, the RBI statement did not specify the type of securities to be auctioned.
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First Published: Mon, May 18 2009. 11 37 PM IST