Date:20/10/2005 URL: http://www.thehindubusinessline.com/2005/10/20/stories/2005102002500600.htm

Back T-bill auctions fully subscribed

Our Bureau

Mumbai , Oct. 19

THE auctions of the 91-day Treasury bill and the 182-day Treasury bill on Wednesday were fully subscribed, said an RBI press release.

The notified amount for the 91-day T-bill was Rs 2,000 crore, of which Rs 1,500 crore was under the Market Stabilisation Scheme (MSS).

The RBI received 65 competitive bids, amounting to Rs 3,678.39 crore. Of these, it accepted 43 bids. The cut-off price was Rs 98.64 (5.53 per cent YTM).

The partial allotment percentage amounted to 34.65 per cent from 20 bids. The weighted average price was Rs 98.65.

In the case of the 182-day T-bill, the notified amount was Rs 1,500, of which Rs 1,000 crore was under MSS. The RBI received 51 bids amounting to Rs 2,290.10 crore. Of these, it accepted 45 bids. The cut-off price was Rs 97.20 (5.78 per cent YTM).

The partial allotment percentage amounted to 11.91 per cent from 3 bids. The weighted average price was Rs 97.22.

The RBI did not receive any non-competitive bid for both bills. The devolvement of RBI was nil on both bills.