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Our Bureau

Mumbai, Aug. 29

The Reserve Bank of India has announced the auction of Rs 5,500 crore Treasury Bills of which Rs 4,000 crore wase the Market Stabilisation Scheme (MSS) amount.

In the 91-day T-bill, the notified amount was Rs 3,500 crore, of which Rs 3,000 crore was the MSS amount, said a press release from the RBI.

The central bank received 102 competitive bids amounting to Rs 7,552.50 crore of which it accepted 24 bids. The cut-off price was Rs 98.26 (YTM 7.1027 per cent). The partial allotment percentage was 59.47 per cent from ten bids and the weighted average price was Rs 98.28. The RBI also received and accepted two non-competitive bids for Rs 550 crore.

In the 364-day T-bill, the notified amount was Rs 2,000 crore of which Rs 1,000 crore was the MSS amount. The apex bank received 113 competitive bids amounting to Rs 5,415 crore while it accepted 37 bids. The cut-off price was Rs 93.02 (YTM 7.5244 per cent). The partial allotment percentage was 58.73 per cent from nine bids. The weighted average price was Rs 93.06.

The RBI also received and accepted two non-competitive bids for Rs 33.27 crore.

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