Mumbai: The RBI on Thursday could only pump out Rs 2,532 crore -- about a fifth of Rs 12,000 crore liquidity -- through open market operation (OMO) sale of government securities that were announced this week as part of the steps to stem rupee's slide.
As per the summary results of the auction, the RBI accepted 11 bids worth Rs 777 crore for the 2026 bonds and 10 bids worth Rs 1,755 crore for 2030 bonds.
In all, the RBI had received bids worth Rs 24,279.2 crore, but it accepted bids worth only Rs 2,532 crore.
The results released by the RBI revealed that no bid for 8.07 percent, 2017 bonds and 8.15 percent, 2022 bonds was accepted.
It further said the cut-off price was Rs 100.75 (cut off yield 8.2343 percent) for 2026 bonds and Rs 103.8 (cut off yield 8.5444) for the 2030 bonds.
Amid rupee touching a record low of 61.21 level against the US dollar earlier this month, the RBI on July 15 had come out with slew of measures, including sucking out liquidity worth Rs 1,2000 crore through the OMO, to stem the slide.
The rupee today extended losses for the second day, dropping 33 paise to 59.67 against dollar.
The losses in rupee in past two sessions has brought the rupee close to its levels seen before RBI had unveiled a slew of measures to tame the rupee volatility.
First Published: Thursday, July 18, 2013, 20:59