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Thursday, Jun 16, 2005

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T-bills auctions `fully subscribed'

Our Bureau

Mumbai , June 15

THE auctions of the 91-day and 182-day Treasury Bills were fully subscribed, according to a release from the Reserve Bank of India.

The notified amount for the 91-day T-bills was Rs 2,000 crore. The central bank received 42 competitive bids, amounting to Rs 2,374.67 crore. Of this, the RBI accepted 39 bids. The cut off-price was Rs 98.69.

The partial allotment percentage was 95.77 per cent from 18 bids. The weighted average price was Rs 98.70.

The RBI also received and accepted two non-competitive bids, for an amount of Rs 106.93 crore. The partial allotment percentage was 100 per cent and the devolvement on RBI was nil.

In case of the 182-day T-bills, the notified amount was Rs 1,500 crore. The RBI received 44 competitive bids, amounting to Rs 2,775 crore. Of these, it accepted 22 bids. The cut-off price was Rs 97.38

The partial allotment percentage was 93.04 per cent from 15 bids. The weighted average price was Rs 97.39.

There were no non-competitive bids for the 182-day T-bills.

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