RBI may sell 48-day cash management bills at 12%: Poll

 

Central bank may sell the 48-day cash management bills at 12 per cent on Tuesday, a Reuters poll of 10 banks and primary

Central bank may sell the 48-day cash management bills at 12 per cent on Tuesday, a Reuters poll of 10 banks and primary dealers showed. The highest expected yield cut-off in the poll was 12.2 per cent, while the lowest was 11.9 per cent.


On Monday, the Reserve Bank of India sold 110 billion rupees of cash management bills at a cut-off of 11.8936 per cent. The government is selling 110 billion rupees of cash management bills on Tuesday, the second tranche of the 220 billion rupees weekly sale to drain cash announced earlier in the month.

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Central bank may sell the 48-day cash management bills at 12 per cent on Tuesday, a Reuters poll of 10 banks and primary dealers showed. The highest expected yield cut-off in the poll was 12.2 per cent, while the lowest was 11.9 per cent.


On Monday, the Reserve Bank of India sold 110 billion rupees of cash management bills at a cut-off of 11.8936 per cent. The government is selling 110 billion rupees of cash management bills on Tuesday, the second tranche of the 220 billion rupees weekly sale to drain cash announced earlier in the month.

More from The Economic Times

• Indian Mujahideen terrorist Yasin Bhatkal a 'sharp man': Investigators 29 Aug 2013
• Patni scions Arihant and Amit betting big on data analytic startups in… 29 Aug 2013
• As interest rate rises, non-covertible debentures (NCDs) could be right… 28 Aug 2013
• China says INS Vikrant won't spark an arms race 29 Aug 2013

More from the web

• Where the heart is: Why 51 percent of renters are saving to buy a home Mediaplanet
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• How Paying with Cash Saves You Money! My Financial Tips
• Why this is the smartest way to run your investments Mint.com

showed. The highest expected yield cut-off in the poll was 12.2 per cent, while the lowest was 11.9 per cent.


On Monday, the Reserve Bank of India sold 110 billion rupees of cash management bills at a cut-off of 11.8936 per cent. The government is selling 110 billion rupees of cash management bills on Tuesday, the second tranche of the 220 billion rupees weekly sale to drain cash announced earlier in the month.

More from The Economic Times

• Indian Mujahideen terrorist Yasin Bhatkal a 'sharp man': Investigators 29 Aug 2013
• Patni scions Arihant and Amit betting big on data analytic startups in… 29 Aug 2013
• As interest rate rises, non-covertible debentures (NCDs) could be right… 28 Aug 2013
• China says INS Vikrant won't spark an arms race 29 Aug 2013

More from the web

• Where the heart is: Why 51 percent of renters are saving to buy a home Mediaplanet
• Why Buy a Business PC?: Infographic Intel
• How Paying with Cash Saves You Money! My Financial Tips
• Why this is the smartest way to run your investments Mint.com