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Our Bureau

Mumbai, Dec. 20

The Rs 4,000-crore 91-day and 364-day T-bills auctions on Wednesday were fully subscribed. The Market Stabilisation Scheme (MSS) amount for the 364-day T-bill was Rs 1,000 crore. The RBI received 83 competitive bids worth Rs 7,230 crore. The cut off price was Rs 93.27 (7.23 per cent YTM). It accepted 27 competitive bids for Rs 2,000 crore. The weighted average price was Rs 93.29. The central bank received and accepted one non-competitive bid for Rs 250 crore with 100 per cent partial allotment. For the 91-day T-bill, the MSS amount was Rs 1,500 crore. The RBI got 49 competitive bids amounting to Rs 2,426.61 crore.

The cut off price was Rs 98.26 (7.10 per cent YTM) with the RBI accepting 16 competitive bids for Rs 756.61 crore. The weighted average price was Rs 98.26. The central bank received and accepted one non-competitive bid for Rs 500 crore.

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