Petrol hike pumps hope for India
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India sells 91-day t-bills at 3.3570 pct - cbank
MUMBAI |
MUMBAI Aug 18 (Reuters) - India's central bank set a cut-off price of 99.17 rupees at the auction of 91-day treasury bills on Tuesday, matching the previous auction last week.
The yield at the cut-off price was 3.3570 percent. The central bank sold a total of 50 billion rupees of 91-day treasury bills.
The central bank also sold 15 billion rupees of 182-day treasury bills at a cut-off price of 98.08 rupees, lower than 98.16 rupees at the previous auction two weeks back. The yield at the cut-off price was 3.9259 percent. (Reporting by Neha D'silva)
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