MUMBAI, March 6 (Reuters) - The Reserve Bank of India on
Wednesday rejected some bids at the 91-day treasury bills
auction, accepting 62.35 billion rupees ($1.13 billion) as
against 70 billion rupees notified.
The Indian central bank set a cut-off price of 98.02 rupees,
and yield of 8.1022 percent on the 91-day t-bills, unchanged
from the previous week. The cut-off yield was in line with a
Reuters poll forecast.
The RBI set a cut-off price of 92.71 rupees, or 7.8848
percent, on the 364-day t-bills. The poll forecast was
marginally higher at 7.90 percent.
The central bank had also rejected some bids at its t-bills
auctions last week.
(Reporting by Neha Dasgupta; Editing by Anand Basu)