Mumbai, Nov. 6 -- The Reserve Bank of India (RBI) raised Rs 19,000 crore through the latest auction of Treasury Bills (T-bills) held on Thursday, with yields remaining broadly stable across tenors amid firm investor demand.
The central bank auctioned 91-day, 182-day, and 364-day T-bills worth Rs 7,000 crore, Rs 6,000 crore, and Rs 6,000 crore, respectively.
The 91-day T-bill saw robust participation, attracting 96 bids totaling Rs 26,801 crore - nearly four times the notified amount. The cut-off yield was set at 5.45%, with a cut-off price of Rs 98.6598. The RBI accepted 20 bids amounting to Rs 6,969 crore, while the weighted average yield (WAY) stood slightly lower at 5.44%.
For the 182-day T-bill, the RBI received 80 competitive bids...
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