India sells cash management bills at lower-than-expected cut-off yields
India sold Rs 3000 crores of 56-day cash management bills at a cut-off price of Rs 98.31
<a href="http://www.shutterstock.com/pic-107101346/stock-photo--indian-rupees-high-resolution-seamless-texture-indian-money-seamless-texture.html" target="_blank">Online</a> image via Shutterstock Reuters Mumbai India sold Rs 2195 crore of 28-day cash management bills, lower than a target of 30 billion rupees, at a cut-off price of Rs 99.15 , yielding 11.17%.
A Reuters poll had expected the cut-off yield at 11.28%.
India sold Rs 3000 crores of 56-day cash management bills at a cut-off price of Rs 98.31 , yielding 11.2045%, lower than the poll estimate of 11.38%.
 "India sells cash management bills at lower-than-expected cut-off yields")
