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

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Date: June 19, 2004

(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	Yieldat	Outstanding
													(8+9+	Average	Cut-off	as on the
						Com-	Non-		Com-	Non-			10+11)	Price	Price	Date of Issue
						petitive	Com-		petitive	Com-
							petitive			petitive					(per cent)	(FaceValue)
1		2		3	4	5	6	7	8	9	10	11	12	13	14	15
2003-2004
Oct.	1	Oct.	3	500	24	730	—	16	500	—	—	—	500	98.90	4.4898	15,038
Jan.	7	Jan.	9	500	35	892	—	17	500	—	—	—	500	98.96	4.2446	6,938
2004-2005
Mar.	31	Apr.	2	500	29	1,060	—	18	500	—	—	—	500	98.95	4.3672	7,122
Jun.	9	Jun.	11	2,000	37	5,304	450	25	2,000	450	—	—	2,450	98.90	4.4489	22,739

* : Effective from auction dated May 14, 1999, devolvement amount would be on RBI only.
Note : Uniform Price Auction was introduced from November 6, 1998. The format of auction has been changed to Multiple Price Auction from December 11, 2002.

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