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BUZZ-India's cenbank likely to set 6.40 pct cut-off on Tbills under MSS - traders
April 24, 2017 / 6:14 AM / 5 months ago

BUZZ-India's cenbank likely to set 6.40 pct cut-off on Tbills under MSS - traders

** The Reserve Bank of India is expected to set a cut-off of 6.40 pct on its auction of treasury bills via market stabilisation schemes (MSS), estimates from 10 traders show

** The RBI will drain 250 bln rupees ($3.85 bln) via sale of 323 day T-bills on Monday

** The central bank has been conducting weekly sale of T-bills via MSS to drain out excess cash from the banking system apart from cash management bills and reverse repo auctions

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