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Cut-off price of 364-day T-bills at Rs 90.77 

 
DECEMBER 1: The Reserve Bank of India on wednesday said it had set a cut-off price of Rs 90.77 at the auction of 364-day treasury bills compared with Rs 90.75 at the previous auction. Dealers said the yield was lower at 10.20 per cent against 10.22 per cent at the previous auction.

The RBI said it received 41 competitive bids worth Rs 1,143 crore at the auction, of which it accepted 23 bids for the notified amount of Rs 500 crore. The partial allotment percentage was 2.56 per cent for six bids. There were no non-competitive bids received at the auctionand there was no devolvement on the RBI.

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