Business & Finance

Mauritius 364-day Treasury bills yield falls to 1.62

Published October 31, 2014 Updated October 31, 2014 12:58pm

1 min

By Shoaib Ur Rehman

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PORT LOUIS: The weighted average yield on Mauritius' 364-day Treasury bills fell to 1.62 percent at auction from 1.96 percent at the previous sale on Oct. 17, the central bank said on Friday.

The Bank of Mauritius sold all the 900 million rupees($28.75 million) worth of bills it had offered.

Bids totalled 4.575 billion rupees, at rates ranging from 1.60 percent to 3.10 percent.

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