The Hindu Business Line : T-bills auction fully subscribed

The auctions of the 364-day treasury-bills and 91-day treasury-bills held on Wednesday by the RBI were fully subscribed. The Market Stabilisation Scheme (MSS) amount for 91-day T-bill was Rs 1,500 crore.

The RBI received 46 competitive bids amounting to Rs 2,645.36 crore. The cut-off price was Rs 98.38 (6.60 per cent YTM). The RBI accepted 40 competitive bids for 91-day T-bill to raise Rs 2,000 crore.

The partial allotment percentage for 13 competitive bids was 23.97 per cent. The weighted average price was Rs 98.40. The RBI also received and accepted two non-competitive bids for Rs 1,200 crore. The partial allotment percentage for non-competitive bids was 100 per cent. For the 364-day T-bill, the MSS amount was Rs 1,000 crore. The RBI received 85 competitive bids amounting to Rs 6,679.87 crore. The cut-off price was Rs 93.56 (6.90 per cent YTM). The RBI accepted 30 competitive bids for the 364-day T-bill to raise Rs 2, 000 crore. The weighted average price was Rs 93.57. The partial allotment percentage for 14 competitive bids was 14.43 per cent.

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