Our Bureau

Mumbai, Nov. 22

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 364-day T-bill was Rs 1,000 crore. The Reserve Bank of India received 56 competitive bids worth Rs 5,460 crore. The cut-off price was Rs 93.49 (6.98 per cent YTM). The apex bank accepted 26 competitive bids for Rs 2,000 crore. The weighted average price was Rs 93.51. The RBI did not receive non-competitive bids.

For the 91-day T-bill, the MSS amount was Rs 1,500 crore. The RBI received 40 competitive bids amounting to Rs 3502.10 crore. The cut-off price was Rs 98.37 (6.64 per cent YTM). The RBI accepted 24 competitive bids for Rs 2,000 crore. The weighted average price was Rs 98.37. The RBI received and accepted three non-competitive bids for Rs 2,750 crore.

(This article was published in the Business Line print edition dated November 23, 2006)
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