Financial Daily from THE HINDU group of publications
Thursday, Jun 09, 2005
Financial Daily from THE HINDU group of publications Thursday, Jun 09, 2005 |
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Money & Banking
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Short Term Instruments T-bill auctions fully subscribed Our Bureau
Mumbai , June 8 THE auctions of the 91-day and 364-day Treasury Bills were fully subscribed, according to a press release from Reserve Bank of India. The notified amount for both T-bills was Rs 2,000 crore. For the 91-day T-bills, RBI received 49 competitive bids, amounting to Rs 2,958.50 crore. Of these RBI accepted 39 bids. The cut-off price was Rs 98.71. The partial allotment percentage was 71.75 per cent from 20 bids. The weighted average price was Rs 98.72. RBI also received and accepted one non-competitive bid, amounting to Rs 911.71 crore. The partial allotment percentage was 100 per cent and devolvement on RBI was nil. For the 363-day T-bills, RBI received 55 competitive bids, amounting to Rs 4,130 crore. Of these, RBI accepted 36 bids. The cut-off price was Rs 94.71. The partial allotment percentage was 12.11 per cent from 12 bids. The weighted average price was Rs 94.73. RBI also received and accepted one non-competitive bid amounting to Rs 200 crore. The partial allotment percentage was 100 per cent and devolvement on RBI was nil.
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