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10. Auctions of 91-Day Government of India Treasury Bills
81888864

10. Auctions of 91-Day Government of India Treasury Bills

(Rs. crore)


Date of

Date of

Notified

Bids Received

Bids Accepted

Devolvement on

Total

Weigh-

Implicit

Amount

Auction

Issue

Amount

Number

Total Face Value

Number

Total Face Value

PDs/SDs*

RBI

Issue

ted

Yield at

Outstanding

           

Com-

Non-

 

Com-

Non-

   

(8+9+

Average

Cut-off

as on the

           

petitive

Com-

 

petitive

Com-

   

10+11)

Price

Price

Date of Issue

             

petitive

   

petitive

       

(per cent)

(Face Value)


1

 

2

 

3

4

5

6

7

8

9

10

11

12

13

14

15


1999-2000

                             

Jul.

2

Jul.

3

100

14

119

25

7

73

25

—

27

125

97.73

9.2909

3,505

 

Oct.

1

Oct.

4

100

14

114

—

—

—

—

—

100

100

97.69

9.4585

1,735

@

Jan.

7

Jan.

8

100

16

137

—

11

100

—

—

—

100

97.74

9.2490

1,375

 

Mar.

16

Mar.

18

100

21

136

35

10

75

35

—

25

135

97.76

9.1653

1,495

 

Mar.

24

Mar.

25

100

22

143

25

3

12

25

—

88

125

97.76

9.1653

1,520

 

* : Effective from auction dated May 14, 1999, devolvement amount would be on RBI only.
@ : No bid was accepted.

Note : Uniform Price Auction was introduced from November 6, 1998. From that date onwards, weighted average price and cut-off price will be same since all the successful bidders are allotted at cut-off price.

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