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The Deposit Insurance and Credit Guarantee Corp (DICGC) is suspected to have made substantial purchases at a primary debt auction on Friday, say participants in the Indian government bond market. While the national reserve bank sold 140 billion rupees of the 7.26% 2033 bond and 80 billion rupees of the 7.06% 2028 bonds, some participants suspect DICGC may have bought bonds worth between 30 billion and 50 billion rupees. A senior treasury official at a state-run bank said DICGC typically invests its May funds into the government securities market in June.
The Deposit Insurance and Credit Guarantee Corp (DICGC) is suspected to have made substantial purchases at a primary debt auction on Friday, say participants in the Indian government bond market. While the national reserve bank sold 140 billion rupees of the 7.26% 2033 bond and 80 billion rupees of the 7.06% 2028 bonds, some participants suspect DICGC may have bought bonds worth between 30 billion and 50 billion rupees. A senior treasury official at a state-run bank said DICGC typically invests its May funds into the government securities market in June.
The Deposit Insurance and Credit Guarantee Corp (DICGC) is suspected to have made substantial purchases at a primary debt auction on Friday, say participants in the Indian government bond market. While the national reserve bank sold 140 billion rupees of the 7.26% 2033 bond and 80 billion rupees of the 7.06% 2028 bonds, some participants suspect DICGC may have bought bonds worth between 30 billion and 50 billion rupees. A senior treasury official at a state-run bank said DICGC typically invests its May funds into the government securities market in June. 
