India cenbank likely to set cut-off yield for 2032 bond at 7.51%: Reuters Poll

MUMBAI (Reuters) – The Indian government is aiming to raise at least 280 billion Indian rupees ($3.40 billion) through the sale of bonds on Friday.

The Reserve Bank of India will likely set the cut-off yields for these notes in a range of 7.42% to 7.60%, according to a Reuters poll of 14 traders.

Note Quantum (in bln Median Min Max

rupees)

7.38% 2027 70 7.42% 7.40% 7.43%

7.26% 2032 120 7.51% 7.50% 7.52%

7.36% 2052 90 7.60% 7.59% 7.62%

($1 = 82.3800 Indian rupees)

(Reporting by Dharamraj Lalit Dhutia and Veronica Khongwir; Editing by Savio D’Souza)