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What is non-competitive bidding for dated Government securities?

April 26, 2017bidding dated government non-competitive securities

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What is non-competitive bidding for dated Government securities?

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Non-competitive bidding means the bidder would be able to participate in the auctions of dated government securities without having to quote the yield or price in the bid. Thus, he will not have to worry about whether his bid will be on or off-the-mark; as long as he bids in accordance with the scheme, he will be allotted securities fully or partially.