India sells 48-day cash management bills at 11.8936 pct-RBI

Last Updated: Mon, Aug 26, 2013 08:10 hrs

MUMBAI, Aug 26 (Reuters) - The Reserve Bank of India sold 110 billion rupees of cash management bills at a cut-off of 11.8936 percent or 98.46 rupees, it said on Monday.

A Reuters poll conducted earlier in the day estimated the cut-off at 11.95 percent. (Reporting by Suvashree Dey Choudhury; Editing by Anand Basu)

More from Sify: