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Tuesday, May 03, 2005

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RBI cut-off rate for gilts auction

Our Bureau

Mumbai , May 2

THE Reserve Bank of India has set the cut-off rate for underwriting bids by primary dealers for the auction of the 7.55 per cent Government Stock 2010 at 13 paise per Rs 100 and the 7.50 per cent Government Stock 2034 paper at 24 paise per Rs 100.

The auction is scheduled for Tuesday.

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