India RBI likely to set cutoff yield on 10-year state bonds in 7.68%-7.71% band
The Reserve Bank of India will likely set cutoff yield for 10-year state development bonds being auctioned on Tuesday between 7.68% and 7.71%, according to the median in a Reuters poll of 10 traders. Five Indian states aim to raise an aggregate 68 billion rupees ($851.38 million) through sale of bonds maturing in 10 years to 24 years
