RBI sets higher-than-expected cut-off yields on most bonds at sale

MUMBAI Fri Jul 19, 2013 4:14pm IST

A grocery shop owner counts rupees notes in Ahmedabad May 23, 2012. REUTERS/Amit Dave/Files

A grocery shop owner counts rupees notes in Ahmedabad May 23, 2012.

Credit: Reuters/Amit Dave/Files

Related Topics

MUMBAI (Reuters) - The Reserve Bank of India set a cut-off price of 94.45 rupees, yielding 8.4981 percent on the 7.28 percent 2019 bonds, sharply higher than the Reuters poll forecast of 8.1708 percent.

For the 7.16 percent 2023 bonds, the RBI set a cut-off price of 94.00 rupees, or yield of 8.0529 percent, a tad lower than the poll forecast of 8.0645 percent.

The cut-off price for the 8.28 percent 2032 bonds was 97.75 rupees, yielding 8.5224 percent, higher than the poll forecast of 8.4950 percent.

For the 8.30 percent 2042 bonds, the RBI set a cut-off price of 97.30 rupees, yielding 8.5515 percent, higher than the poll forecast of 8.5119 percent.

However, in a departure from its usual release, the central bank did not specify the amount of bids it accepted at the 150 billion rupee bond auction. (Reporting by Neha Dasgupta; Editing by Subhranshu Sahu)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Adani Project

Adani Project

Australia approves Adani's $16 bln Carmichael coal project  Full Article 

India-U.S. Talks

India-U.S. Talks

Kerry to woo Modi's India, but quick progress unlikely  Full Article 

Paring Debt

Paring Debt

Jaiprakash to sell hydro plants to Reliance Power  Full Article 

Nifty Falls

Nifty Falls

The broader index hits lowest in nearly a week on profit taking  Full Article 

Mideast Conflict

Mideast Conflict

U.N. Security Council calls for humanitarian ceasefire in Gaza  Full Article 

Market Eye

Market Eye

Foreign investors prefer Indian cyclicals, utilities - Macquarie  Full Article 

Debt Investment

Debt Investment

India's FII debt limit hike credit-positive, says Moody's  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage