11. Auctions of 364-Day Government of India Treasury Bills - RBI

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Date: December 12, 1998

																(Rs. crore)

Date of		Date of		Notified		Bids		Devolvement		Total		Weighted		Implicit Yield		Amount Outstan-
Auction		Issue		Amount		Accepted		on PDs and		Issue		Average		at Cut-off		ding as on the
								RBI		(4+5)		Price		Price		Date of Issue
						(Face Value)		(Face Value)		(Face Value)				(Per cent)		(Face Value)

1		2		3		4		5		6		7		8		9

Jan.	14, '98	Jan.	16, '98	-		-		-		-		-		-		17,517	@
Apr.	7, '98	Apr.	11, '98	100		6		94		100		92.61		7.9797		14,339
Jul.	1, '98	Jul.	3, '98	100		-		100		100		92.61		7.9797		10,153	@
Oct.	7, '98	Oct.	9, '98	400		400		-		400		90.36		10.7174		5,827
Nov.	18, '98	Nov.	20, '98	500		500		-		500		90.43		10.6195		4,619
Dec.	2, '98	Dec.	4, '98	500		500		-		500		90.50		10.5094		4,914
@ : No bid was accepted.

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