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RBI may set cut-off yield on 10-year state bonds in 7.74-7.77% band: Report

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

Reserve Bank of India, RBI

Reuters 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%-7.77% band, according to a Reuters poll of 14 traders.

Note Quantum (in bln Median Min Max

rupees)

8-year 40 7.71% 7.67% 7.75%

10-year 66 7.74%-7.77% 7.72% 7.80%

12 year-25 year 89 7.78%-7.82% 7.75% 7.90%

($1 = 81.7650 Indian rupees)

(Reporting by Dharamraj Lalit Dhutia and Arsh Tushar Mogre; Editing by Neha Arora)

(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.)

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First Published: Oct 03 2022 | 1:34 PM IST

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