Date:12/05/2005 URL: http://www.thehindubusinessline.com/2005/05/12/stories/2005051202000600.htm

Back T-Bills auction fully subscribed

Our Bureau

Mumbai , May 11

THE auction of the 364-day Treasury Bills and the 91-day Treasury Bills were fully subscribed, the Reserve Bank of India said on Wednesday. The notified amount for both T-Bills was Rs 2,000 crore.

For the 364-day T-Bill, the RBI received 85 competitive bids amounting to Rs 6,080 crore. Of these, it accepted 35 bids. The cut-off price was Rs 94.73. The partial allotment percentage was 4.19 per cent from 19 bids. The weighted average price was Rs 94.74.

In the case of 91-day T-Bill, the RBI received 58 competitive bids amounting to Rs 7,668 crore. Of these, it accepted 49 bids. The cut-off price was Rs 98.72. The partial allotment percentage was 7.34 per cent from 33 bids. The weighted average price was Rs 98.73.

The central bank did not receive any non-competitive bids for both auctions.