![]() Financial Daily from THE HINDU group of publications Thursday, Jan 05, 2006 |
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Money & Banking
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Short Term Instruments T-bills fully subscribed Our Bureau
Mumbai , Jan. 4 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 500 crore. The RBI received 56 competitive bids, amounting to Rs 1,993 crore. Of these, RBI accepted 19 bids. The cut-off price was Rs 98.54 (5.94 per cent YTM). The partial allotment percentage amounted to 42.76 per cent from 12 bids. The weighted average price was Rs 98.54. In the case of the 364-day Treasury bill, the notified amount was Rs 1,000 crore. The RBI received 51 competitive bids, amounting to Rs 2,836 crore. Of these, RBI accepted 25 competitive bids, amounting to Rs 1,000 crore. The cut-off price was Rs 94.24 (6.12 per cent YTM). The partial allotment percentage amounted to 47.66 per cent from five bids. The weighted average price was Rs 94.25.
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