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India sells 91-day t-bills at 3.2754 pct - cbank

Wed Nov 4, 2009 2:54pm IST
 
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MUMBAI, Nov 4 (Reuters) - India sold 70 billion rupees of 91-day treasury bills at a cut-off price of 99.19 rupees or at a yield of 3.2754 percent at the auction of 91-day treasury bills on Wednesday, the central bank said in a statement.

The prices were marginally lower than at the previous auction last week.

The government also sold 20 billion rupees of 364-day treasury bills at a cut-off price of 95.68 rupees or at a yield of 4.5275 percent. The price was marginally higher than 95.67 rupees at the previous auction two weeks back. (Reporting by Mumbai Treasury Desk)

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