Reserve Bank of India may sell 91-day treasury bills at 8.84 per cent: Poll

The Reserve Bank of India is expected to set a cut-off yield of 8.84 per cent at its 91-day treasury bill auction later in the day, above last week's cut-off yield of 8.8131 per cent, according to the median of a poll of 10 traders.

The highest yield polled was 8.88 per cent while the lowest was at 8.80 per cent on 91-day t-bills. The RBI is also expected to set a cut-off of 8.90 per cent on 364-day t-bills, below the previous cut-off yield of 8.9213 per cent, the poll showed.

The highest yield polled was 8.94 per cent while the lowest was 8.85 per cent on 364-day t-bills. The RBI will sell 90 billion rupees ($1.50 billion) of 91-day and 60 billion rupees of 364-day t-bills on Tuesday.