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
Loan, Personal Loan, Home Loan, Business Loan,Loans in India Loan in India, Personal Loan, Home Loan, Business Loan, Loans in India,Loan Finance,Loan in India, Get Instant Personal Loan,Home Loan, Business Loans in India