India cenbank likely to set cut-off yield on 10-14 year state bonds in 7.12%-7.14% band
MUMBAI, Nov 19 (Reuters) -Indian states will aim to raise an aggregate of 93.49 billion rupees ($1.11 billion) on Tuesday through a sale bonds maturing in seven years to 14 years.
The Reserve Bank of India will likely set cutoff yields for the 10-14 year bonds in the 7.12%-7.14% band, according to a Reuters poll of 11 traders.
Note | Quantum (in bln rupees) | Median | Min | Max |
7-8 year | 42.49 | 7.07%-7.09% | 7.05% | 7.11% |
10-14 year | 51 | 7.12%-7.14% | 7.10% | 7.16% |
($1 = 84.4040 Indian rupees)
Reporting by Dharamraj Dhutia; Editing by Varun H K
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