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4 years ago
India cbank sets cut-off yield of 9.9260 pct for 7-day cash management bills
August 5, 2013 / 8:09 AM / 4 years ago

India cbank sets cut-off yield of 9.9260 pct for 7-day cash management bills

MUMBAI, Aug 5 (Reuters) - The Reserve Bank of India set a cut-off price of 99.81 rupees on the 7-day government cash management bills yielding 9.9260 percent, lower than a Reuters poll forecast of 10.43 percent.

The government successfully sold 30 billion rupees ($493.42 million) of 7-day cash management bills.

$1=60.8 rupees Reporting by Neha Dasgupta; Editing by Jijo Jacob

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