The Hindu Business Line : 182-day T-bill auction oversubscribed

The RBI did not accept all the bids in the 91-day treasury bill auction while the 182-day treasury bill auction was over subscribed on Wednesday. The notified amount for the 91-day treasury bill was Rs 2,000 crore, of which Rs 1,500 was the MSS (market stabilisation scheme) amount. The Reserve Bank of India received 44 competitive bids, amounting to Rs 2,125.11 crore. Of these, the RBI accepted 24 competitive bids for Rs 860.11 crore. The central bank accepted one non-competitive bid for Rs 620 crore. The cut-off price was Rs 98.40 (6.52 per cent YTM). The weighted average price was Rs 98.41.

In case of the 182 -day treasury bill, the notified amount was Rs 1,500 crore, of which Rs 1,000 crore was the MSS amount. The RBI received 44 competitive bids amounting to Rs 2,807 crore. Of these, the RBI accepted 24 competitive bids, amounting to Rs 1,500 crore. The RBI also received and accepted three competitive bids amounting to Rs 1262.14 crore. The cut-off price was Rs 96.73 (6.78 per cent YTM). The partial allotment percentage amounted to 23.62 per cent from 10 bids. The weighted average price was Rs 96.74.

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