Date:29/12/2005 URL: http://www.thehindubusinessline.com/2005/12/29/stories/2005122902420600.htm

Back T-bills auction `fully subscribed'

Our Bureau

Mumbai , Dec. 28

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 both T-bills was Rs 500 crore.

For the 91-day T-bills, the RBI received 32 competitive bids amounting to Rs 1,016.65 crore. The cut-off price was Rs 98.50 (6.11 per cent YTM). Of these, it accepted 18 bids.

The partial allotment percentage was 53.02 per cent from seven bids. The weighted average price was Rs 98.51.

The RBI also received and accepted one non-competitive bid for Rs 200 crore.

For the 182-day T-bills, the apex bank received 41 competitive bids amounting to Rs 1,408 crore. The cut-off price was Rs 97.03 (6.14 per cent YTM). Of these, it accepted 13 bids.

The partial allotment percentage was 90.70 per cent from six bids. The weighted average price was Rs 97.04.

The RBI also received and accepted two non-competitive bids for Rs 609.23 crore.

The partial allotment percentage was 100 and devolvement on the central bank was nil for both T-bills.