Financial Daily from THE HINDU group of publications
Thursday, Aug 26, 2004
Financial Daily from THE HINDU group of publications Thursday, Aug 26, 2004 |
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Money & Banking
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Short Term Instruments Higher cut-off price at 91-day T-Bill sale Our Bureau
Mumbai , Aug. 25 THE weekly auction of the 91-day Treasury bill worth Rs 2,000 crore witnessed a higher cut-off price of Rs 98.84 against the previous week's cut-off price of Rs 98.79. The yield at the cut-off price ended lower at 4.70 per cent against 4.91 per cent for the preceding auction. Some 87 bids worth Rs 7,680 crore were received, of which 13 bids worth Rs 2,000 crore were accepted, said a Reserve Bank of India (RBI) release. The partial allotment percentage was fixed at 60.28 per cent for nine bids, while the weighted average price was Rs 98.84. Of Rs 2,000 crore, Rs 1,500 crore was part of the Market Stabilisation Scheme while Rs 500 crore was auctioned under the regular auction calendar.
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