Financial Daily from THE HINDU group of publications
Thursday, Sep 23, 2004
Financial Daily from THE HINDU group of publications Thursday, Sep 23, 2004 |
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Money & Banking
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Short Term Instruments Cut-off set lower at T-Bill sale Our Bureau
MUMBAI: The cut-off price of the 91-day Treasury bill auction was set at Rs 98.79, lower than previous cut-off at Rs 98.83. The RBI received 88 competitive bids worth Rs 5,353 crore of which 38 bids worth Rs 2,000 crore were accepted. The partial allotment percentage of competitive bids was 32.45 per cent while the weighted average price was Rs 98.81. In the previous 91 day t-bill auction, 58 bids were rejected by the central bank.
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