![]() Financial Daily from THE HINDU group of publications Thursday, Aug 04, 2005 |
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Money & Banking
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Short Term Instruments T-bills auctions fully subscribed Our Bureau
Mumbai , Aug 3 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 58 competitive bids, amounting to Rs 6,907.50 crore. Of these, RBI accepted 23 bids. The cut off price was Rs 98.69. The cut off yield was 5.32 per cent against 5.49 per cent last time. The partial allotment percentage was 25.56 per cent from 16 bids. The weighted average price was Rs 98.70. For the 364 day T-bills, RBI received 75 competitive bids, amounting to Rs 5,156 crore. Of these RBI accepted 23 bids. The cut off price was Rs 94.67. The cut off yield was 5.65 per cent against 5.89 per cent last time. The yields on both T-bills have come down, said dealers. The partial allotment percentage was 34.34 per cent of 10 bids. The weighted average price was Rs 94.69. There were no non-competitive bids for both T-bills.
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