The Hindu Business Line : T-bills auction

The Reserve Bank of India has released the auction results for 182-day treasury bills and 91-day treasury bills. The auctions of the 182-day treasury-bills were not fully subscribed because of a higher cut-off price. The 91-day treasury-bills were fully subscribed. The notified amount for the 182-day and 91-day treasury bills was Rs 1,500 crore and Rs 2,000 crore respectively.

The Market Stabilisation Scheme (MSS) amount for 182-day T-bill was Rs 1,000 crore. RBI received 40 competitive bids, amounting to Rs 1,295 crore. The cut off price was Rs 96.75 (6.73 per cent YTM). RBI accepted 16 competitive bids. There was no partial allotment percentage of competitive bids. The weighted average price was Rs 96.77. RBI did not receive or accept any non-competitive bid.

For the 91-day T-bill, the MSS amount was Rs 1,500 crore. RBI received 61 competitive bids, amounting to Rs 2886 crore. The cut off price was Rs 98.43 (6.397 per cent YTM). RBI accepted 35 competitive bids. The weighted average price was Rs 98.44. RBI also received and accepted one non-competitive bid for Rs 500 crore. The partial allotment percentage was 100 per cent.

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