![]() Financial Daily from THE HINDU group of publications Thursday, Dec 01, 2005 |
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Money & Banking
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Short Term Instruments T-bill auctions fully subscribed Our Bureau
Mumbai , Nov 30 THE auctions of the 91-day and 182-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 500 crore, each. For the 91-day T-Bill RBI received 43 competitive bids amounting to Rs 2,015.50 crore. Of these RBI accepted 18 bids. The cut off price was Rs 98.59 (5.73 per cent YTM). The partial allotment percentage of competitive bids was 23.18 per cent from 13 bids. The weighted average price was Rs 98.60. The RBI also received and accepted one non-competitive bid amounting to Rs 363 crore. The partial allotment percentage was 100 per cent. For the 182-day T-Bill, the RBI received 27 competitive bids amounting to Rs 1,095.13 crore. Of these, it accepted 27 bids. The cut off price was Rs 97.14 (5.9 per cent YTM). The partial allotment percentage of competitive bids was 36.54 per cent from seven bids. The weighted average price was Rs 97.16. The RBI did not receive any non-competitive bids for the 182-day T-Bill. Devolvement on RBI was nil for both bids.
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