POLL — RBI likely to set cutoff yield for India's 2036 bond at 7.40%

MUMBAI, Oct 16 (Reuters) — The Indian government is aiming to raise at least 340 billion rupees ($3.58 billion) through the sale of benchmark bond on Friday. The Reserve Bank of India will likely set the cutoff yield for this note at 7.40%, according to a Reuters poll of 11 traders. Note Quantum (in bln Median Min Max rupees) 6.94% 2036 340 7.40% 7.39% 7.41% ($1 = 94.8750 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala) ((dharamraj.dhutia@tr.com)