Bloomberg News

India’s Six-Month Borrowing Cost Climbs to 8.7050% at Bill Sale

October 25, 2011

Oct. 25 (Bloomberg) -- India’s six-month borrowing costs rose and three-month rates were unchanged as the government raised 80 billion rupees selling treasury bills at a weekly auction, according to the central bank.

The government sold 40 billion rupees of 91-day bills at a minimum price of 97.89 per 100 rupee face amount, or a maximum yield of 8.6456 percent, the Reserve Bank of India said in an e- mailed statement today, unchanged from the last sale on Oct. 19. It also auctioned 40 billion rupees of 182-day bills at a cut-off price of 95.84 rupees, or a yield of 8.7050 percent, higher than 8.6177 percent on Oct. 12.

To contact the reporter on this story: Jeanette Rodrigues in Mumbai at jrodrigues26@bloomberg.net

To contact the editor responsible for this story: Anil Varma at avarma3@bloomberg.net


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