Financial Daily from THE HINDU group of publications
Thursday, Feb 23, 2006
Financial Daily from THE HINDU group of publications Thursday, Feb 23, 2006 |
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Money & Banking
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Short Term Instruments T-Bills auctions fully subscribed Our Bureau
Mumbai , Feb 22 THE auctions of the 91-day and 182-day Treasury Bills were fully subscribed, according to a release from the Reserve Bank of India. The notified amount for both the T-bills was Rs 500 crore each. For the 91-day T-bills, the RBI received 34 competitive bids amounting to Rs 1,048.74 crore. The cut-off price was Rs 98.36 (6.69 per cent YTM). The RBI accepted 20 competitive bids. The partial allotment percentage of competitive bids was 65.06 from 12 bids. The weighted average price was Rs 98.36. The apex bank also received and accepted three non-competitive bids amounting to Rs 652 crore. The partial allotment percentage was 100 per cent. Devolvement was nil. For the 182-day T-bills, the RBI received 29 competitive bids amounting to Rs 1,253 crore. The cut-off price was Rs 96.75 (6.74 per cent YTM). The RBI accepted seven competitive bids. The partial allotment percentage was 55.56 from three bids. The weighted average price was Rs 96.76. The central bank did not receive any non-competitive bids. The partial allotment was 100 per cent. Devolvement on the RBI was nil.
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