India raises 120bn rupees at debt auction: central bank

MUMBAI: India sold 120 billion rupees ($2.18 billion) of bonds on Friday with the Reserve Bank of India setting a cut-off yield of 8.1522 percent on the 8.15 percent 2022 bonds.

A Reuters poll had forecast 8.1615 percent for the 2022 bonds.

For the 8.07 percent 2017-July bonds, the RBI set a cut-off price of 99.84 rupees, yielding 8.1119 percent, below the poll forecast of 8.1227 percent.

The cut-off price for 8.97 percent 2030 bonds was 105.80 rupees, yielding 8.3402 percent, the RBI said, below the poll forecast of 8.3476 percent.