Mauritius 364-day T-bills yields rise to 3.84pc

PORT LOUIS: The weighted average yield on Mauritius' 364-day Treasury bills inched up to 3.84 percent from 3.82 percent in an undersubscribed auction on Friday, the central bank said.

The Bank of Mauritius accepted bids for 165 million rupees ($5.3 million) worth of bills from the 400 million on offer.

Total bids amounted to 245 million rupees at rates ranging from 4.00 percent to 3.79 percent. The bank rate posted was 3.40 percent.