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Thursday, Aug 05, 2004

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Money & Banking - Short Term Instruments


91-day T-bills fully subscribed

Our Buerau

MUMBAI: THE 91-day Treasury Bill auction conducted by the RBI on August 4 for Rs 2,000 crore was fully subscribed.

The weighted average price was the same as the cut-off price of Rs 98.89.. Fifty-seven bids were received for an aggregate amount of Rs 5,973 crore. 36 bids worth Rs 2,000 crore were accepted.

In the 364-day Bill auction for a notified amount of Rs 2,000 crore, 56 bids worth Rs 3,325 crore were received. Of these, 32 were accepted at the cut-off price of Rs 95.58.

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