Bloomberg News

India’s 3-Month, 6-Month Borrowing Costs Rise at Auctions

October 12, 2011

Oct. 12 (Bloomberg) -- India’s three month and six month borrowing costs rose as the government sold 80 billion rupees of treasury bills at a weekly auction, the central bank said.

The government sold 40 billion rupees of 91-day bills at a minimum price of 97.93 per 100 rupee face amount, or a maximum yield of 8.4782 percent, the Reserve Bank of India said in an e- mailed statement today, higher than 8.4364 percent at an auction on Oct. 5. It also auctioned 40 billion rupees of 182-day bills at a cut off price of 95.88 rupees, or a yield of 8.6177 percent, higher than 8.4651 percent on Sept. 28.

To contact the editor responsible for this story: V Ramakrishnan at rvenkatarama@bloomberg.net


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