The Hindu Business Line : T-bills auctions fully subscribed

THE auctions of the 364-day and 91-day Treasury Bills on Wednesday were fully subscribed, according to a Reserve Bank of India press release. The notified amount for both T-bills was Rs 2,000 crore.

For the 91-day T-bills, the RBI received 41 competitive bids, amounting to Rs 3,538 crore. Of these, 35 were accepted. The cut off price was Rs 98.72. The partial allotment percentage was 33.46 per cent from 17 bids. The weighted average price was Rs 98.73.

For the 364-day T-bills, the RBI received 48 competitive bids, amounting to Rs 3,066 crore. Of these, 34 were accepted. The cut off price was Rs 94.72. The partial allotment percentage was 39.18 per cent from eight bids. The weighted average price was Rs 94.73.

The RBI did not receive any non-competitive bids for either.

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T-bills auctions fully subscribed