India cenbank may set cut-off yield on 10-year state bonds in 7.74%-7.77% band: Reuters Poll

MUMBAI : Indian states will aim to raise an aggregate of 195 billion Indian rupees ($2.38 billion) on Monday through sale of bonds maturing in eight years to 25 years.

The Reserve Bank of India may set cut-off yields for the 10-year bonds in the 7.74 per cent-7.77 per cent band, according to a Reuters poll of 14 traders.

Note Quantum (in bln Median Min Max

rupees)

8-year 40 7.71 per cent 7.67 per cent 7.75 per cent

10-year 66 7.74 per cent-7.77 per cent 7.72 per cent 7.80 per cent

12 year-25 year 89 7.78 per cent-7.82 per cent 7.75 per cent 7.90 per cent

($1 = 81.7650 Indian rupees)

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