The Hindu Business Line : T-bills auction fully subscribed

The auctions of 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-bill, the Market Stabilisation Scheme (MSS) amount was Rs 1,500 crore.

The RBI received 52 competitive bids for Rs 2,971.91 crore. The cut off price was Rs 98.25 (7.1443 per cent YTM). Of this, the RBI accepted 36 bids. The partial allotment percentage of competitive bids was 70.78 per cent for four bids. The weighted average price was Rs 98.27.

For the 364-day T-bill, the MSS amount was Rs 1,000 crore. The RBI received 77 competitive bids for Rs 4,225 crore. The cut-off price was Rs 93.31 (7.1893 per cent YTM). Of this, the RBI accepted 26 bids. The partial allotment percentage of competitive bids was 90.41 per cent for five bids. The weighted average price was Rs 93.33. The RBI also received and accepted one non-competitive bid for Rs 5.1 crore. The partial allotment percentage was 100 per cent.

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