T-Bill auction: RBI raises Rs 24,000 crore; 91-day yield at 5.25%
Mumbai, July 1 -- The Reserve Bank of India on Wednesday raised Rs 24,000 crore through the auction of Treasury Bills across 91-day, 182-day and 364-day maturities.
The RBI had notified Rs 9,000 crore of 91-day Treasury Bills, Rs 8,000 crore of 182-day Treasury Bills and Rs 7,000 crore of 364-day Treasury Bills.
The 91-day T-Bills attracted 76 competitive bids worth Rs 21,821.50 crore against the notified amount of Rs 9,000 crore. The cut-off price was set at Rs 98.7075, translating into a yield of 5.2521%.
The weighted average price stood at Rs 98.7108, while the weighted average yield came in at 5.2385%. The RBI accepted 29 competitive bids amounting to Rs 8,842.68 crore. One bid received partial allotment at 19.1176%.
Under the non...
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