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Today's auction, offering t-bills worth 10,758 million rupees, was oversubscribed with bids amounting to 17,940 million rupees.
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The Central Bank bought 1.5 billion rupees worth of bills and retired 863 million rupees.
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Investors will pay for the bills they purchase on April 21.
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Details of the auction are as follows:
| Maturity | Bids received | Amount accepted | Weighted avg. yield | |
| (Rs. mn) | (Rs. mn) | This week | Last week | |
| Three months | 7,914 | 5,472 | 10.05 | 10.05 |
| Six months | 4,631 | 1,295 | 10.32 | 10.30 |
| One-year | 5,395 | 1,628 | 10.37 | 10.36 |
| Total | 17,940 | 10.16 | 10.08 | |
| (Source: Central Bank)) | ||||
-LBO Newsdesk