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Money & Banking - Short Term Instruments


T-bills auction fully subscribed

Our Bureau

Mumbai , Nov. 2

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

The notified amount for the 91-day T-Bill was Rs 2,000 crore of which Rs 1,500 crore is the Market Stabilisation Amount. The RBI received 58 competitive bids amounting to Rs 2,885.5 crore.

Of these, RBI accepted 52 bids. The cut-off price was Rs 98.6 (5.69 per cent YTM).

The partial allotment percentage of competitive bids was 17.56 per cent from six bids.

The weighted average price was Rs 98.62.

The RBI also received and accepted two non-competitive bids amounting to Rs 351.5 crore. The partial allotment percentage was 100 per cent.

For the 182-day T-Bill, the notified amount was Rs 1,500 crore, of which Rs 1,000 crore is the Market Stabilisation Amount. The RBI received 45 competitive bids amounting to Rs 2,500.5 crore.

Of these, the apex bank accepted 33 bids. The cut-off price was Rs 97.19 (5.79 per cent YTM).

The partial allotment percentage of competitive bids was 26.94 per cent from eight bids.

The weighted average price was Rs 97.21. The RBI did not receive any non-competitive bids for the 182-day T-Bill.

Devolvement on the central bank was nil in both the bids.

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