Financial Daily from THE HINDU group of publications
Thursday, Jul 14, 2005
Financial Daily from THE HINDU group of publications Thursday, Jul 14, 2005 |
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Money & Banking
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Short Term Instruments 91-day T-bill bids fall below sale amount Our Bureau
Mumbai , July 13 THE auction of the 91-day treasury bill on Wednesday received bids for less than the notified amount and not all the bids were accepted. The 182-day treasury received bids for the notified amount and again, all the bids were not accepted, according to an RBI press release. The notified amount for the 91-day treasury bill was Rs 2,000 crore. The Reserve Bank of India received 39 competitive bids, amounting to Rs 1,805.38 crore. Of these, RBI accepted 16 bids amounting to Rs 837.13 crore. The cut-off price and the weighted average price was Rs 98.65. The RBI also received no non-competitive bids. In case of the 182 -day treasury bill, the notified amount was Rs 1,500 crore. RBI received 56 competitive bids, amounting to Rs 3,868 crore. Of these, the RBI accepted 5 bids amounting to Rs 550 crore. The cut-off price and the weighted average price was Rs 97.25. The RBI also received two competitive bids amounting Rs 308.50 crore of which it accepted one bid of the same amount.
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