RBI may set cut-off yield on 10-year state bonds in 7.74%-7.77% band: Poll

The Reserve Bank of India may set cut-off yields for the 10-year bonds in the 7.74%-7.77% band, according to a Reuters poll of 14 traders.

Reuters

October 03, 2022 / 11:36 IST

RBI

Indian states will aim to raise an aggregate of 195 billion Indian rupees ($2.38 billion) on Monday through sale of bonds maturing in eight years to 25 years.

The Reserve Bank of India may set cut-off yields for the 10-year bonds in the 7.74%-7.77% band, according to a Reuters poll of 14 traders.

Note Quantum (in bln Median Min Max rupees)

8-year 40 7.71% 7.67% 7.75%

10-year 66 7.74%-7.77% 7.72% 7.80%

12 year-25 year 89 7.78%-7.82% 7.75% 7.90%

Reuters

first published: Oct 3, 2022 11:36 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347