Business Daily from THE HINDU group of publications Thursday, Jan 11, 2007 ePaper |
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Money & Banking
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Short Term Instruments T-bills fully subscribed Our Bureau
Mumbai , Jan 10 The Rs 3,500-crore 91-day and 182-day T-bills auctions today were fully subscribed. The Market Stabilisation Scheme (MSS) amount for the 182-day T-bill was Rs 1,000 crore. The Reserve bank of India received 50 competitive bids of Rs 3,408.40 crore and the cut-off price was Rs 96.56 (7.14 per cent YTM). The RBI accepted 16 competitive bids for Rs 1,500 crore. The weighted average price was Rs 96.57. The apex bank received and accepted one non-competitive bid for Rs 400 crore with 100 per cent partial allotment.
91-day treasury-bills
For the 91-day T-bill, the MSS amount was Rs 1,500 crore. The RBI received 48 competitive bids amounting to Rs 2,855.22 crore. The cut-off price was Rs 98.25 (7.14 per cent YTM). The bank accepted 36 competitive bids for Rs 2,000 crore. The weighted average price was Rs 98.27. The RBI received and accepted one non-competitive bid for Rs 2,000 crore.
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