Indian central bank likely to set cut-off yield for T-Bills in 6.93%-7.14% band

2024-03-27 11:38:01 am | Source: Reuters

Indian central bank likely to set cut-off yield for T-Bills in 6.93%-7.14% band

News By Tags | #RBI #Economy #BankingSector #CentralBank

The Indian government aims to raise an aggregate of 340 billion rupees ($4.08 billion) through the sale of 91-day, 182-day and 364-day Treasury bills on Wednesday.

The Reserve Bank of India will likely set cutoff yields for the same at 6.93%, 7.14% and 7.10% respectively, according to a Reuters poll of 13 traders.

Note Quantum (in bln Median Min Max

rupees)

91-day 100 6.93% 6.88% 6.95%

182-day 150 7.14% 7.11% 7.15%

364-day 90 7.10% 7.08% 7.11%

($1 = 83.3150 Indian rupees)

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Indian central bank likely to set cut-off yield for T-Bills in 6.93%-7.14% band

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