Financial Daily from THE HINDU group of publications
Thursday, Jul 21, 2005
Financial Daily from THE HINDU group of publications Thursday, Jul 21, 2005 |
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Money & Banking
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Short Term Instruments T-bill auctions fully subscribed Our Bureau
Mumbai , July 20 THE auctions of the 91-day and the 364 -day Treasury bills on Wednesday were fully subscribed, said a Reserve Bank of India press release. The notified amount for the 91-day Treasury bill was Rs 2,000 crore. The RBI received 46 competitive bids, amounting to Rs 3,238.70 crore. Of these, it accepted 21 bids. The cut-off price was Rs 98.65. The partial allotment percentage amounted to 46.91 per cent from 15 bids. The weighted average price was Rs 98.66. The RBI did not receive any non-competitive bids for this auctionl. In case of the 364-day Treasury bill, the notified amount was Rs 2,000 crore. The RBI received and accepted 57 competitive bids, amounting to Rs 2,676 crore. It accepted 46 bids. The cut-off price was Rs 94.45. The partial allotment percentage amounted to 95.29 per cent from six bids. The weighted average price was Rs 94.50. The RBI received one competitive bid amounting to Rs 30.33 crore. The partial allotment percentage was 100 per cent. The devolvement of RBI was nil in both the auctions.
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