The Reserve Bank of India (RBI) accepted ₹15,000 crore in Treasury bills on Wednesday, Nov. 4, leaving ₹8,000 crore of its ₹23,000 crore offer unallocated after making no allocation in the 182-day tranche.
The RBI offered ₹8,000 crore each in 91-day and 182-day bills and ₹7,000 crore in 364-day bills. It accepted the full amounts offered for the 91-day and 364-day maturities; the result listed no allocation or cut-off price for 182-day bills.
Cut-off prices were ₹98.5511 for the 91-day bills and ₹93.7820 for the 364-day bills. Their implicit yields to maturity were 5.8970% and 6.6485%, respectively, the RBI result showed.
At its Oct. 28 auction, the RBI accepted ₹23,000 crore across all three maturities, including ₹8,000 crore in 182-day bills, according to the previous auction result. The Nov. 4 total was ₹8,000 crore lower.
