Financial Daily from THE HINDU group of publications
Thursday, Nov 17, 2005
Financial Daily from THE HINDU group of publications Thursday, Nov 17, 2005 |
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Money & Banking
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Short Term Instruments T-bill auctions fully subscribed Our Bureau
Mumbai , Nov. 16 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 both T-Bills was Rs 500 crore. For the 91-day T-Bill, the RBI received 50 competitive bids amounting to Rs 1,799.43 crore. Of these, it accepted 24 bids. The cut-off price was Rs 98.57 (5.81 per cent YTM). The partial allotment percentage of competitive bids was 32.87 per cent from 12 bids. The weighted average price was Rs 98.58. The RBI also received and accepted two non-competitive bids amounting to Rs 221.65 crore. The partial allotment percentage was 100 per cent. For the 182-day T-Bill, it received 33 competitive bids amounting to Rs 1,334.5 crore. Of these, it accepted 20 bids. The cut-off price was Rs 97.14 (5.9 per cent YTM). The partial allotment percentage of competitive bids was 7.58 per cent from six bids. The weighted average price was Rs 97.15. The RBI did not receive any non-competitive bids for the 182-day T-Bill. Devolvement on the RBI was nil for both bids.
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