RBI sets 1.44 percent real yield on inflation-indexed 2023 bonds

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Rajesh Desai

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Jun 4, 2013, 8:13:17 AM6/4/13

(Reuters) - The Reserve Bank of India set the real yield at 1.44 percent at the first auction of its new series of inflation-indexed 2023 government bonds on Tuesday, lower than the expected 1.7 percent in a Reuters poll.

The 10-billion-rupee auction was fully subscribed.

(Reporting by Suvashree Dey Choudhury; Editing by Sunil Nair)

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CA. Rajesh Desai

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