Bloomberg News

India’s 1-Year Borrowing Costs Rise at T-Bill Auction

November 02, 2011

Nov. 2 (Bloomberg) -- India’s three month costs were unchanged and one-year borrowing costs increased. The government raised 80 billion rupees ($1.6 billion) selling 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 97.89 per 100 rupee face amount, or a maximum yield of 8.6456 percent, unchanged from a previous auction on Oct. 24, the Reserve Bank of India said in an e-mailed statement today. It also auctioned 40 billion rupees of 364-day bills at a cut-off price of 91.98 rupees, or a yield of 8.7432 percent, compared with 8.684 percent at a previous auction on Oct. 19.

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


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