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RBI May Sell 91
RBI May Sell 91
48 pc: Poll
Reuters Jun 26, 2013, 11.52AM IST Tags:
The Reserve Bank of India is expected to sell 91-day treasury bills at 7.48 percent, compared with 7.44 percent at last week's sale, according to the median estimate of a Reuters poll of 10 banks and primary dealers. For the 91-day t-bills, the highest forecast was 7.52 percent, while the lowest was 7.48 percent. The central bank is expected to sell the 364-day t-bills at 7.48 percent, higher than the auction cut-off of 7.41 percent two weeks earlier. The highest forecast for the 364-day t-bills was 7.51 percent, while the lowest was 7.40 percent. The RBI will auction Rs 70 billion of 91-day bills and Rs 50 billion of 364-day bills later on Wednesday.