The Reserve Bank of India (RBI) set a cut-off price for the 8.12 per cent 2020 bond at Rs 97.09, yielding 8.6610 per cent, lower than a Reuters poll forecast of 8.7078 per cent.
The RBI set a cut-off price for the 8.33 per cent 2026 bond at Rs 97.35, yielding 8.6735 per cent, lower than the poll forecast of 8.7001 per cent.
For the 8.32 per cent 2032 bond, the central bank set a cut-off price at Rs 96.11, yielding 8.7431 per cent, lower than the poll forecast of 8.7555 percent.
The RBI set cut-off price for 8.30 per cent 2042 bond at Rs 94.97, yielding 8.7785 per cent, higher than the poll forecast of 8.7756 per cent.
The central bank said there was no devolvement at the Rs 15,000 crore bond auction.
Copyright: Thomson Reuters 2013
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
