Mauritius 364-day T-bill yield slips to 3.81pc

PORT LOUIS: The weighted average yield on Mauritius' 364-day Treasury bills edged lower to 3.81 percent on low demand at an auction on Friday from 3.83 percent at the previous sale, the central bank said.

The Bank of Mauritius accepted bids for 120 million rupees ($3.87 million) worth of bills from the 400 million on offer.

Total bids amounted to 225 million rupees at rates ranging from 4.00 percent and 3.70 percent. The bank rate posted was 3.38 percent.