RBI COUNTER

RBI COUNTER
*DAILY LAF TENDERS: One set of 3-day reverse repo (at 7.00%) and 3-day repo(at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.

*GILT AUCTIONS: RBI to auction 30 bln rupees of 8.35%, 20220 bond, 70 bln rupees of 8.60%, 2028 bond, 30 bln rupees of 9.20%, 2030 bond, and 20 bln rupees of 9.23%, 2043 bond.

Cut-off yield seen:
> 8.72-8.75% for 8.35%, 2022 bond.
> 8.60-8.62% for 8.60%, 2028 bond.
> 8.71-8.74% for 9.20%, 2030 bond.
> 8.72-8.75% for 9.23%, 2043 bond.

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