RBI likely to sell 91-day t-bills at 8.31%: poll

December 17
13:47 2014
RBI is expected to set a cut-off yield of 8.31 per cent at its auction of 91-day treasury bills on Wednesday, according to the median forecast in a Reuters poll of 12 traders.

The expected cut-off compares with a cut-off yield of 8.2275 per cent of last week. Earlier, the highest yield polled for 91-day was 8.35 pct, while the lowest was 8.25 per cent.

It is expected that the RBI will keep a cut-off of 8.35 per cent versus 8.3127 on the 182-day t-bills, according to a poll. The highest yield for the 182-day bills in the poll was 8.39 per cent, while the lowest was 8.27 per cent

The central bank is also selling 130 billion rupees of treasury bills, including 80 billion rupees of 91-day t-bills and 50 billion rupees of 182-day t-bills.

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