India cenbank likely to set cut-off yield on 8-30 year state bonds in 7.12%-7.20% band
MUMBAI, Nov 26 (Reuters) -Indian states will aim to raise an aggregate of 320 billion rupees ($3.80 billion) on Tuesday through the sale bonds maturing between four years and 30 years.
The Reserve Bank of India will likely set cutoff yields for the 8-30 year bonds in the 7.12%-7.20% band, according to a Reuters poll of 11 traders.
Note | Quantum (in bln rupees) | Median | Min | Max |
4-6 year | 55 | 7.05%-7.08% | 7.03% | 7.10% |
8-30 year | 265 | 7.12%-7.20% | 7.10% | 7.22% |
($1 = 84.2450 Indian rupees)
Reporting by Dharamraj Dhutia; Editing by Savio D'Souza
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