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Indian states will aim to raise an aggregate of 128 billion rupees ($1.44 billion) on Tuesday through the sale bonds maturing in four years to 30 years.
The Reserve Bank of India will likely set cutoff yields for the 8-9 year bonds in the 7.12%-7.17% band, according to a Reuters poll of 11 traders.
Note Quantum (in bln Median Min Max rupees)
4-year 10 6.61%-6.63% 6.54% 6.71%
8-9 years 35 7.12%-7.17% 7.05% 7.20%
11-year 10 7.20%-7.23% 7.17% 7.26% 16-30 years 73 7.29%-7.35% 7.25% 7.45% ($1 = 88.7700 Indian rupees).
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