RBI May Set Underwriting Commission In 1.00-1.50 Paise Bracket

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The government of India aims to raise at least 280 billion Indian rupees

The government of India aims to raise at least 280 billion Indian rupees (3.41 billion dollar) via sale of bonds on 7 October.

The Reserve Bank of India (RBI) will probably set underwriting commission for these notes in the 1.00 paise to 1.50 paise range, according to reports.

Note Quantum (in billion Median Min Max rupees)

7.38% 2027 70 1.50 paise 1.00 paise 2.50 paise

7.26% 2032 120 1.20 paise 1.00 paise 1.50 paise

7.36% 2052 90 1.00 paise 0.80 paise 1.30 paise

(1 USD = 82.1580 Indian rupees)