Financial Daily from THE HINDU group of publications
Thursday, Jun 23, 2005
Financial Daily from THE HINDU group of publications Thursday, Jun 23, 2005 |
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Money & Banking
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Short Term Instruments T-bill auctions fully subscribed Our Bureau
Mumbai , June 22 THE auctions of the 91-day Treasury bill and the 364-day Treasury bill on Wednesday were fully subscribed. The notified amount for the 91-day T-bill was Rs 2,000 crore. The Reserve Bank of India received 39 competitive bids, amounting to Rs 3,570 crore. Of these, the RBI accepted 25 bids. The cut-off price was Rs 98.69. The partial allotment percentage amounted to 68.83 per cent from 18 bids. The weighted average price was Rs 98.69. The RBI also received one non-competitive bid, amounting to Rs 265.84 crore, which was accepted. In the case of the 364-day T-bill, the notified amount was Rs 2,000 crore. The RBI received 43 competitive bids, amounting to Rs 3,110 crore. Of these, the RBI accepted 31 bids. The cut-off price was Rs 94.69.
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