At the weekly primary auction, the re-issue of Rs.12 billion maturing Treasury bills was oversubscribed with bids amounting Rs. 36.914 billion being received, the Central Bank said. The Bank has decided to accept Rs. 11.089 billion from the auction.

The one-year Treasury bill rate rose one basis point to 6.13 this week from the previous week's 6.12%. The Bank has accepted Rs 4.77 billion on one-year T-bills.

Six month tenor bills rate inclined by six basis points to 6.09% from last week's 6.03% and the three month tenor bills rose by four basis points to 5.98%, from last week's 5.94%.

The Bank accepted Rs. 3.445 billion in 6-month and Rs. 2.874 billion in 3-month bills.