POLL — RBI likely to set cut — off yield on India's 8 — 10 year state bonds in 7.96% — 8.02% band
MUMBAI, Oct 13 (Reuters) — Indian states will aim to raise an aggregate of 312 billion Indian rupees ($3.28 billion) on Tuesday through a sale bonds maturing in five years to 30 years. The Reserve Bank of India will likely set cutoff yields for the 8-10 year bonds in the 7.96%-8.02% band, according to a Reuters poll of 11 traders. Note Quantum (in Median Min Max bln rupees) 5-6 year 25 7.80%-7.86% 7.78% 7.88% 8-10 year 41 7.96%-8.02% 7.95% 8.05% 11-30 year 246 8.10%-8.16% 8.07% 8.20% ($1 = 95.2200 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Rashmi Aich) ((dharamraj.dhutia@tr.com)