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Money & Banking - Short Term Instruments


T-bills auction fully subscribed

Our Bureau

Mumbai , Dec. 15

THE auctions of the 91-day and the 182-day treasury bills on Wednesday were fully subscribed.

The notified amount for the 91-day treasury bill was Rs 500 crore.

The Reserve Bank of India received 40 competitive bids, amounting to Rs 1,820.11 crore. Of these, the RBI accepted 10 bids. The cut-off price was Rs 98.58 (5.78 per cent YTM).

The partial allotment percentage amounted to 60.16 per cent from four bids. The weighted average price was Rs 98.58.

For the 182-day treasury bill, the notified amount was Rs 500 crore. The RBI received 38 competitive bids, amounting to Rs 1561.33 crore. Of these, the RBI accepted eight bids. The cut-off price was Rs 97.12 (5.95 per cent YTM).

The partial allotment percentage amounted to 36.05 per cent from three bids. The weighted average price was Rs 98.58.

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