By Reshmi Basu
New York, Dec. 20 - The Reserve Bank of India sold a total of Rs. 40 billion in two tranches of Treasury bills on Wednesday.
The bank sold Rs. 20 billion of 91-day bills at 98.26 to yield 7.1027%. Of the 49 competitive bids received, 16 bids were accepted. The one non-competitive bid received was accepted. The weighted average price was 98.26.
The bank also sold Rs. 20 billion of 364-day bills at 93.27 to yield 7.2354%. Of the 83 competitive bids received, 27 bids were accepted. The one non-competitive bid was received. The weighted average price was 93.29.
| Issuer: | Reserve Bank of India
|
| Issue: | Treasury bills
|
| Pricing date: | Dec. 13
|
| Total amount: | Rs. 40 billion
|
|
|
| 91-day bills
|
| Amount: | Rs. 20 billion
|
| Issue price: | 98.26
|
| Yield: | 7.1027%
|
|
|
| 364-day bills
|
| Amount: | Rs. 20 billion
|
| Issue price: | 93.27
|
| Yield: | 7.2354%
|
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