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India cbank shifts federal bond auction to week ending Feb 22

Source : REUTERS
Last Updated: Mon, Dec 31, 2012 13:00 hrs

MUMBAI, Dec 31 (Reuters) - The Reserve Bank of India said on Monday a federal bond auction for 120 billion rupees ($2.18 billion) scheduled in the week ending Jan. 4 has been shifted to the week ending Feb. 22.

On review of the government's cash position, it has been decided to shift the auction, the central bank said in a statement.

($1=55 rupees) (Reporting by Shamik Paul; Editing by Subhranshu Sahu)


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