The Hindu Business Line : T-bill auctions oversubscribed

Mumbai, Sept. 5 The Reserve Bank of India has announced auction of Rs 6,000 crore through Treasury Bills of which Rs 5,000 crore was 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 RBI.

The central bank received 101 competitive bids for Rs 7,985 crore of which it accepted 50 bids. The cut-off price was Rs 98.27 (YTM is 7.0612 per cent). The partial allotment percentage of the competitive bid was 18.60 per cent from 24 bids and the weighted average price was Rs 98.28.

The apex bank also received and accepted two non-competitive bids for Rs 2,100 crore.

182-day bill

In the 182-day T-bill, the notified amount was Rs 2,500 crore of which Rs 2,000 crore was the MSS amount. RBI received 104 competitive bids for Rs 4,573 crore while it accepted 61 bids. The cut-off price was Rs 96.44 (YTM 7.4031 per cent). The partial allotment percentage of competitive bid was 87.15 per cent from 17 bids. The weighted average price was Rs 96.46.

The central bank also received and accepted one non-competitive bid for Rs 855 crore.

More Stories on : Short Term Instruments

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee tad firmer

Allahabad Bank cuts home loan rates

UI to withdraw mediguard insurance policy

Bajaj Allianz picks SAS tool

RBI tightens norms to manage liquidity better

State Bank of Patiala offers e-trading

Bond market weakens

Call rates close unchanged

T-bill auctions oversubscribed

Life insurers file Q1 solvency reports

Award for Canara Bank CMD