..........The RBI received 81 competitive bids worth Rs 2,388 crore from wholesale investors, of which 42 bids (Rs 997.70 crore) were accepted as compared to 167 competitive bids worth Rs 4,616 crore in the first auction with 26 bids being accepted (Rs 985.94 crore). The cut-off yield for the first auction, conducted on June 4, was fixed at 1.44 per cent. However, the response from retail investors remained subdued with two bids worth Rs 2.30 crore...........
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