Our Bureau

Mumbai, May 4

THE auctions of the 91-day treasury bill and the 182-day treasury bill on Wednesday were fully subscribed.

The notified amount for the 91-day treasury bill was Rs 2,000 crore.

The Reserve Bank of India received 74 competitive bids, amounting to Rs 7,437 crore. Of these, RBI accepted 37 bids. The cut-off price was Rs 98.72.

The partial allotment percentage amounted to 45.80 per cent from 28 bids. The weighted average price was Rs 98.73.

The RBI also received one competitive bid, amounting to Rs 18.16 crore, which was accepted. The partial allotment was 100 per cent.

In case of the 182-day treasury bill, the notified amount was Rs 1,500 crore. The RBI received 50 competitive bids, amounting to Rs 6,645 crore. Of these, the RBI accepted eight bids. The cut-off price was Rs 97.41. The partial allotment percentage amounted to 68.63 per cent from 4 bids. The weighted average price was Rs 97.42.

(This article was published in the Business Line print edition dated May 5, 2005)
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