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