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

Shares Hit Record

Sensex, Nifty rise to second consecutive record high

Sensex surges 500 points on BOJ easing, L&T gains

The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro.  Full Article 

REUTERS SHOWCASE

Indian Economy

Indian Economy

India's fiscal deficit in H1 almost 83 pct of full-year target.  Full Article 

M&M Earnings

M&M Earnings

M&M Q2 net profit down 4 percent, hit by poor monsoon.  Full Article 

Ban on E-Cigs?

Ban on E-Cigs?

Govt considers ban on e-cigarettes, sale of single smokes.  Full Article 

Commodities

Commodities

Silver futures in India hit four-year low on global cues.  Full Article 

BOJ Policy

BOJ Policy

BOJ shocks markets with surprise easing as inflation slows.  Full Article 

Shadow Banking

Shadow Banking

China's shadow banking sector growing rapidly, third largest in world - FSB.  Full Article 

Reuters India Mobile

Reuters India Mobile

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