Financial Daily from THE HINDU group of publications
Wednesday, Jan 11, 2006
Financial Daily from THE HINDU group of publications Wednesday, Jan 11, 2006 |
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Money & Banking
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Short Term Instruments T-bills auction fully subscribed Our Bureau
Mumbai , Jan 10 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 bills was Rs 500 crore. For the 91-day T-bill RBI received 43 competitive bids amounting to Rs 1,283.25 crore. The cut-off price was Rs 98.48 (6.19 per cent YTM). Of these, RBI accepted 24 bids. The weighted average price was Rs 98.50. RBI also received and accepted one non-competitive bid amounting to Rs 74,750 crore. For the 182-day T-bill RBI received 28 competitive bids amounting to Rs 2,206.99 crore. The cut off price was Rs 96.99 (6.22 per cent YTM). Of these RBI accepted eight bids. The weighted average price was Rs 97.01. Devolvement on RBI was nil for both bills.
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