91 day Treasury Bills: Auction Result

Date of Auction: May 21, 2008

I. Notified Amount Rs.3000.00 crore

II. Underwriting notified amount N.A.

III. Competitive Bids received

(i) Number 86

(ii) Amount Rs.7919.91 crore

IV. Cut-off price Rs.98.17 (YTM is 7.4769%)

V. Competitive bids accepted

(i) Number 47

(ii) Amount Rs.3000.00 crore

VI. Partial Allotment Percentage of Comp. Bids 58.01 (20 bids)

VII. Weighted Average Price Rs.98.18

VIII. Non-competitive bids received

(i) Number 5

(ii) Amount Rs. 4000.00 crore

IX. Non-competitive bids accepted

(i) Number 5

(ii) Amount Rs.4000.00 crore

(iii) Partial Allotment Percentage 100

Sourced From: Reserve Bank of India