Financial Daily from THE HINDU group of publications
Thursday, Jan 26, 2006
Financial Daily from THE HINDU group of publications Thursday, Jan 26, 2006 |
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Money & Banking
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Short Term Instruments RBI cancels T-bill auction Our Bureau
Mumbai , Jan 25 THE auction of the 182-day treasury bill was cancelled as the RBI rejected all the bids. Dealers said that the cut - off price was found to be very high. The notified amount was Rs 500 crore and the RBI received 19 competitive bids for Rs 628 crore. The auction of the 91-day treasury bill was, however, fully subscribed. The notified amount for the 91-day treasury bill was Rs 500 crore. The Reserve Bank of India received 36 competitive bids, amounting to Rs 918.21 crore. Of these, the RBI accepted 23 bids. The cut-off price was Rs 98.36 (6.6877 per cent YTM). The partial allotment percentage amounted to 18.81 per cent from 3 bids. The weighted average price was Rs 98.39. The RBI also received and accepted one non-competitive bid for Rs 153.08 crore.
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