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MARKET EYE-RBI expected to sell 91-day t-bills at 9.02 pct-poll
March 14, 2012 / 5:37 AM / in 6 years

MARKET EYE-RBI expected to sell 91-day t-bills at 9.02 pct-poll

MUMBAI, March 14 (Reuters) - The Reserve Bank of India is expected to sell 91-day treasury bills at 9.02 percent and 182-day t-bills at 8.70 percent at an auction on Wednesday, the median estimate of 10 respondents in a Reuters poll showed. For the 91-day treasury bills, the highest forecast was 9.11 percent, while the lowest was 8.98 percent. For the 182-day bills, these were 8.82 percent and 8.64 percent. The auction comprises 80 billion rupees of 91-day t-bills and 40 billion rupees of 182-day bills. The cut-offs at the last auctions were 9.0646 percent for the 91-day t-bills and 8.7487 percent for the 182-day t-bills. The results of the auction are due after 2:30 p.m. (0900 GMT). (Reporting by Mumbai Treasury Team)

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