Financial Daily from THE HINDU group of publications
Thursday, Aug 18, 2005
Financial Daily from THE HINDU group of publications Thursday, Aug 18, 2005 |
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Money & Banking
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Short Term Instruments T-Bills auction fully subscribed Our Bureau
Mumbai , Aug. 17 THE auctions of the 91-day and 364-day treasury bills were fully subscribed, according to a press release from the RBI. The notified amount for both T-bills was Rs 2,000 crore. For the 91-day T-bills, the RBI received 60 bids amounting to Rs 6,326.40 crore. Of these, the RBI accepted 26 bids. The cut-off price was Rs 98.72. The partial allotment percentage of competitive bids was 22.31 per cent from 16 bids. The weighted average price was Rs 98.73. The RBI also received and accepted one competitive bid amounting to Rs 203 crore. The partial allotment percentage was 100 per cent and devolvement on the RBI was nil. For the 364-day T-bills, the RBI received 82 competitive bids amounting to Rs 5,936 crore. Of these, the RBI accepted 31 bids. The cut-off price was Rs 94.70. The partial allotment percentage of competitive bids was 91.03 per cent from 13 bids. The weighted average price was Rs 94.71. The RBI also received and accepted one non-competitive bid amounting to Rs 5.61 crore. The partial allotment percentage was 100 per cent and devolvement on the RBI was nil.
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