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RBI auctions 364-day T-bills on Oct 22

RBI auctioned 364-day Treasury Bills (T-Bills) today, October 22. The notified amount for the auction was Rs 20 billion. The multiple price-based auction for the bills remained oversubscribed. RBI received 152 competitive bids worth Rs 86.52 billion for the bills. However, it accepted only 13 bids for the notified amount.The cut-off price determined at Rs 93.13 offered ytm (yield to maturity) of 7.40%. The weighted average price worked out to Rs 93.17 while the partial allotment percentage of

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