The Hindu Business Line : Higher cut-off at 91-day sale

HIGHER cut-off at 5.20 per cent was set at the 91-day Treasury bill auction worth Rs 2,000 crore, conducted by the Reserve Bank of India. The cut-off yield has risen four basis points since the previous auction. The cut-off price was set at Rs 98.72, lower than the previous cut-off at Rs 98.73.

There was good response for the auction as 90 competitive bids worth Rs 4,403.50 crore were received, of which 48 bids were accepted amounting to Rs 2,000 crore. Partial allotment percentage of competitive bids was at 88.67 per cent. A sole non-competitive bid was received and accepted amounting to Rs 17.70. crore.

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