Business & Finance

Mauritius Treasury bill yield dips to 2.38pc

Published April 5, 2013 Updated April 5, 2013 02:52pm

1 min

By Muhammad Iqbal

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PORT LOUIS: The weighted average yield on Mauritius' 364-day Treasury bills dipped to 2.38 percent at auction on Friday from 2.47 percent at the previous sale, the central bank said.

The Bank of Mauritius accepted bids for all the 800 million rupees ($25.64 million) worth of debt on offer. Bids totalled 1.715 billion rupees at rates ranging from 2.75 to 2.30 percent. The Bank rate posted was 2.33 percent.

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