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Thursday, Aug 11, 2005

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T-bills auction fully subscribed

Our Bureau

Mumbai , Aug. 10

THE auctions of the 91-day and 182-day Treasury Bills were fully subscribed, according to a press release from the Reserve Bank of India.

The notified amount for the 91-day T-bills was Rs 2,000 crore. The RBI received 52 competitive bids, amounting to Rs 6,879.35 crore. Of this, it accepted 19 bids. The cut-off price was Rs 98.71. The partial allotment percentage was 13.45 per cent from 15 bids. The weighted average price was Rs 98.72.

The RBI also received and accepted one non-competitive bid, for an amount of Rs 18.39 crore.

For the 182-day T-bills, the notified amount was Rs 1,500 crore. The RBI received 33 competitive bids amounting to Rs 3,703.02 crore. Of this, it accepted 17 bids. The cut-off price was Rs 97.35. The partial allotment percentage was 23.32 per cent from 8 bids. The weighted average price was Rs 97.36. The RBI also received and accepted one non-competitive bid for an amount of Rs 500 crore. The partial allotment percentage for non-competitive bids was 100 per cent and devolvement on the RBI was nil for both T-bills.

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