India’s RBI likely to set cut-off yield on 10-yr state bonds in 7.69%-7.72% band

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Mumbai (Reuters) – Indian states will aim to raise an aggregate of 125 billion rupees ($1.50 billion) on Monday through the sale of bond maturing in 10 years to 30 years.

The Reserve Bank of India will likely set cut-off yields for the 10-year bonds in the 7.69%-7.72% band, according to a Reuters poll of 11 traders.

NoteQuantum (in bln rupees)MedianMinMax
10-11 year667.69% – 7.72%7.68%7.73%
12-19 year487.70% – 7.74%7.65%7.75%
30 year117.61%7.60%7.62%

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