Business Daily from THE HINDU group of publications
Thursday, Aug 23, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, Aug 23, 2007 ePaper |
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Money & Banking
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Debt Market RBI announces auction of Rs 3,500 crore
Our Bureau Mumbai, Aug. 22 The Reserve Bank of India has announced an auction of Rs 3,500 crore through Treasury Bills, of which Rs 2,500 was the Market Stabilisation Scheme (MSS) amount. In the 91-day T-bill, the notified amount was Rs 2,000 crore, of which Rs 1,500 crore was the MSS amount. The RBI received 78 competitive bids amounting to Rs 3990.50 crore, of which it accepted 10. The cut-off price was Rs 98.33 (YTM 6.8121 per cent). The cut-off yield in the previous week’s auction was at 6.7292 per cent. The partial allotment percentage was 84.77 per cent from four bids and the weighted average price, Rs 98.34. The RBI also received and accepted four non-competitive bids amounting to Rs 2,050 crore. 182-day T-bill
In the 182-day T-bill, the notified amount was Rs 1,500 crore, of which Rs 1,000 crore was the MSS amount. The apex bank received 68 competitive bids amounting to Rs 2,235 crore, of which it accepted 53. The cut-off price was Rs 96.41 (YTM 7.4678 per cent). The partial allotment percentage of competitive bids was 59.38 per cent for nine bids and the weighted average price was Rs 96.45. The RBI also received and accepted one non-competitive bid for Rs 1,500 crore. The partial allotment percentage for the non-competitive bid was 100 per cent.
Related Stories: Bond yields harden on market stabilisation scheme revision Bond prices recover More Stories on : Debt Market
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