MUMBAI, June 21 (Reuters) - The Reserve Bank of India raised
150 billion rupees ($2.5 billion) through a bond auction on
Friday, with a cut-off price of 98.06 rupees, yielding 7.4388
percent on the 10-year benchmark 7.16 percent 2023 bond, lower
than the Reuters poll forecast of 7.4505 percent.
For the 7.28 percent, 2019 bond, the RBI set a cut-off price
of 98.65 rupees, or yield of 7.5648 percent, below the poll
forecast of 7.5712 percent.
The cut-off price for the 8.97 percent 2030 bonds was 111.77
rupees, yielding 7.7292 percent, lower than the poll forecast of
For the 8.83 percent 2041 bonds, the RBI set a cut-off price
of 112.47 rupees, yielding 7.7389 percent, much below the poll
forecast of 7.7819 percent.
($1 = 59.3 rupees)
(Reporting by Neha Dasgupta; Editing by Prateek Chatterjee)