10. Auctions of Government of India Treasury Bills

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Date: July 09, 2005

															(Rs. crore)
Date of		Date of		Notified	Bids Received			Bids Accepted			Devol-	Total	Weigh-	Implicit	Amount
Auction		Issue		Amount	Number	Total Face Value		Number	Total Face Value		vement	Issue	ted	Yield at	Outstanding
						Com-	Non-		Com-	Non-	on	(8+9+10)	Average	Cut-off	as on the
						petitive	Com-		petitive	Com-	RBI		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
							91-Day Treasury Bills
2004-2005
Sep.	29	Oct.	1	2,000	65	2,391		53	2,000			2,000	98.77	5.0223	24,749
Jan.	5	Jan.	7	2,000	80	4,978		51	2,000			2,000	98.72	5.2418	22,312
2005-2006
Mar.	30	Apr.	2	2,000	45	4,223	125	24	2,000	125		2,125	98.69	5.3241	27,917
Jun.	29	Jul.	2	2,000	48	4,030	782	16	2,000	782		2,782	98.69	5.3653	30,548
							182-Day Treasury Bills
2005-2006
Apr.	6	Apr.	8	1,500	73	6,710		14	1,500			1,500	97.36	5.4381	1,500
Jun.	29	Jul.	2	1,500	24	1,507		24	1,500			1,500	97.35	5.6711	10,670
							364-Day Treasury Bills
2004-2005
Sep.	29	Oct.	1	2,000	119	6,466		28	2,000			2,000	94.92	5.3741	38,122
Jan.	5	Jan.	7	2,000	57	4,346	3	36	2,000	3		2,003	94.70	5.6232	42,126
2005-2006
Apr.	13	Apr.	15	2,000	86	6,195	80	40	2,000	80		2,080	94.68	5.6456	48,212
Jun.	22	Jun.	24	2,000	44	3,110	2	32	2,000	2		2,002	94.71	5.6232	49,183
Notes: 1. For 91-day TBs, Uniform Price Auction was introduced from November 6, 1998. The format of auction has been changed to Multiple Price Auction from December 11, 2002. 2. For 91-day TBs, notified amount of Rs. 2,000 crore includes Rs.1,500 crore under Market Stabilisation Scheme (MSS). For 182-day TBs, notified amount of Rs. 1,500 crore includes Rs.1,000 crore under MSS. For 364-day TBs, notified amount of Rs. 2,000 crore includes Rs.1,000 crore under MSS. 3. Effective from auction dated June 2, 1999, non-competitive bids have been allowed in the case of 364-day TBs. 4. The presentation of implicit yield at cut-off price has been changed from actual/364 day count convention to actual/365 day count convention from auction dated October 27, 2004.