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India raises 120 billion rupees at debt auction - Cbank

Source : REUTERS
Last Updated: Fri, Feb 08, 2013 08:42 hrs
The Reserve Bank of India logo is pictured outside its head office in Mumbai

India sold 120 billion rupees ($2.2 billion) of bonds on Friday with the Reserve Bank of India setting a cut-off price of 100.71 rupees and yield of 7.8722 percent on the 8.07 percent, 2017-July bonds.

A Reuters poll had forecast 7.8749 percent for the 2017-July bonds.

For the 8.15 percent 2022 bonds, the RBI set a cut-off price of 101.78 rupees, yielding 7.8745 percent, above the poll forecast of 7.8714 percent.

The cut-off price for the 8.97 percent 2030 bonds was 108.56 rupees, yielding 8.0547 percent, the RBI said, below the poll forecast of 8.0607 percent.

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