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RBI may set cutoff yield on 10-yr state bonds in 7.32%-7.35% band: Poll

RBI may set cutoff yield on 10-yr state bonds in 7.32%-7.35% band: Poll


MUMBAI (Reuters) – Indian states will aim to raise an aggregate of 173 billion Indian rupees ($2.09 billion) on Tuesday through the sale of bonds maturing in five years to 30 years.


The Reserve Bank of India will likely set cutoff yields for the 10-year bonds in the 7.32%-7.35% band, according to a Reuters poll of 13 traders.


Note Quantum (in bln Median Min Max


rupees)


5-year 10 7.20% 7.18% 7.22%


6-7 year 13 7.28%-7.30% 7.26% 7.32%


8-10 year 40 7.32%-7.35% 7.31% 7.36%


14-30 year 110 7.32%-7.40% 7.30% 7.42%


($1 = 82.5850 Indian rupees)


 


(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Jun 06 2023 | 1:32 PM IST