Saturday, 4 November 2023 The Indian government has introduced a 50-year bond worth Rs 10,000 crore for the first time, which saw strong demand. The auction by the RBI received bids worth Rs 40,200 crore from 216 bids. The cut off yield for the bonds was 7.46% per annum. The government had previously announced plans to introduce 50-year gilts in response to demand from insurance companies. Additionally, the government will also introduce sovereign green bonds in its weekly auctions.
Israeli Government and Hamas , Strike Hostage Deal.
The Israel-Hamas war will see a four-day cease-fire
in which 50 hostages who are being held in
Gaza will be released, NBC News reports.
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Government Boosts Program , to Offer Households Additional , Free COVID Tests.
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The maiden auction to issue sovereign green bond (SGrB) saw strong demand from investors on Friday. The total demand was at Rs 12,464 crore against Rs 5,000... IndiaTimes