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Money & Banking - Govt Bonds


Cut-off fixed for Govt stock auction

Our Bureau

Mumbai , July 14

THE cut-off price of the Rs 5,000-crore government stock auction for the 4.83 per cent 2006 paper conducted on Wednesday came at Rs 99.56 (5.0488 per cent).

Of the 202 bids received, 65 were accepted with partial allotment of 55.48 per cent.

In the Rs 2,000-crore 91-day Treasury bill auction, out of 53 bids received, 33 were accepted with partial allotment at 49.45 per cent. The cut-off price for the Treasury bills came to Rs 98.89.

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