![]() Financial Daily from THE HINDU group of publications Thursday, Dec 08, 2005 |
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Money & Banking
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Short Term Instruments T-bills auctions fully subscribed Our Bureau
Mumbai , Dec 7 THE auctions of the 91-day and 364-day Treasury bills were fully subscribed, according to a press release from the Reserve Bank of India. The notified amount for the 91-day bill was Rs 500 crore. The RBI received 35 bids amounting to Rs 2,386.94 crore. Of these, the RBI accepted one bid. The cut-off price was Rs 98.61 (5.65 per cent YTM). The partial allotment percentage was 100 from one bid. The RBI also received and accepted four non-competitive bids amounting to Rs 1,230.89 crore. The partial allotment percentage was 100 per cent and the devolvement on the RBI was nil. For the 364-day Treasury bill, the notified amount was Rs 1,000 crore. The RBI received 33 competitive bids amounting to Rs 2,551 crore. Of these, the RBI accepted 12 bids. The cut-off price was Rs 94.35 (6 per cent YTM). The partial allotment percentage was 88.89 from four bids. The RBI also received and accepted one non-competitive bid amounting to Rs 170 crore. The partial allotment percentage was 100 per cent and the devolvement on the RBI was nil.
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