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Our Bureau

Mumbai , Sept. 14

THE auctions of the 91-day treasury bill and the 364-day treasury bill on Wednesday were fully subscribed, according to an RBI press release.

The notified amount for the 91-day treasury bill was Rs 4,000 crore, of which Rs 3,500 crore was under the Market Stabilisation Scheme (MSS).

The Reserve Bank of India received 48 competitive bids, amounting to Rs 7,936.22 crore. Of these, it accepted four bids. The cut-off price was Rs 98.74.

The partial allotment percentage amounted to 98.97 per cent from three bids. The weighted average price was Rs 98.74.

In the case of the 364-day treasury bill, the notified amount was Rs 2,000 crore, of which Rs 1,000 crore was under MSS. The RBI received 55 competitive bids amounting to Rs 3,276 crore. Of these, it accepted 27 competitive bids, amounting to Rs 2,000 crore. The cut-off price was Rs 94.71. The partial allotment percentage amounted to 98.90 per cent from eight bids. The weighted average price was Rs 94.72.

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