August 27, 2013 / 5:28 AM / 4 years ago

MARKET EYE-India may sell 48-day cash management bills at 12 pct-poll

* India's central bank may sell the 48-day cash management bills
at 12 percent on Tuesday, a Reuters poll of 10 banks and primary
dealers showed. 
* The highest expected yield cut-off in the poll was 12.2
percent, while the lowest was 11.9 percent.
* On Monday, the Reserve Bank of India sold 110 billion rupees
of cash management bills at a cut-off of 11.8936 percent.
 
* The government is selling 110 billion rupees of cash
management bills on Tuesday, the second tranche of the 220
billion rupees weekly sale to drain cash announced earlier in
the month.

 (archana.narayanan@thomsonreuters.com/swati.bhat@thomsonreuters
.com/; subhadip.sircar@thomsonreuters.com)

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