The cut-off yield on T-Bills auctioned last Friday is as follows:
I. | T-Bill | 91 days | 182 days | 364 days |
II. | Total Face Value Notified | Rs 7,000 Crore | Rs 12,000 Crore | Rs 10,000 Crore |
III. | Cut-off Price and Implicit Yield at Cut-Off Price | 98.3500 (YTM: 6.7292%) | 96.5700 (YTM: 7.1232%) | 93.3360 (YTM: 7.1594%) |
IV. | Total Face Value Accepted | Rs 7,000 Crore | Rs 12,000 Crore | Rs 10,000 Crore |
The above is only the cut-off yield. Allocation to retail investors is done on average yield.
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