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Wednesday, Sep 07, 2005

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T-bills auctions fully subscribed

Our Bureau

Mumbai , Sept. 6

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

The notified amount for the 91-day T-Bill was Rs 4,000 crore, out of which Rs 3,500 crore is Market Stabilisation Scheme amount.

The RBI received 62 competitive bids, amounting to Rs 8,697.36 crore. Of these, the RBI accepted 19 bids. The cut-off price was Rs 98.73 (5.16 per cent). The partial allotment percentage of competitive bids was 89.78 per cent from 15 bids. The weighted average price was Rs 98.73. For the 182-day T-bills the notified amount was Rs 1,500 crore, out of which Rs 1,000 crore was under MSS.

The RBI received 44 competitive bids amounting to Rs 3,440 crore. Of these, it accepted 26 bids. The cut-off price was Rs 97.4 (5.35 per cent).

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