9. Auctions of 14-Day Government of India Treasury Bills

RbiAnnouncementWeb

Date: August 21, 1999


											(Rs. crore)

Date of		Date of		Notified	Competitive	Devolvement	Non-Compe-	Total	Weighted	Implicit Yield	Amount Outstan-
Auction		Issue		Amount	Bids	on PDs and	titive Bids	Issue	Average	at Cut-off	ding as on the
					Accepted	RBI*	Accepted	(4+5+6)	Price	Price	Date of Issue
					(Face Value)	(Face Value)	(Face Value)	(Face Value)		(per cent)	(Face Value)

	1		2	3	4	5	6	7	8	9	10

Oct.	9, '98	Oct.	10, '98	500	500	-	-	500	99.67	8.8702	900
Jan.	1, '99	Jan.	2, '99	100	100	-	-	100	99.65	9.1320	200
Apr.	1, '99	Apr.	3, '99	100	100	-	-	100	99.70	7.8235	200
Jul.	2, '99	Jul.	3, '99	100	100	-	200	300	99.68	8.6084	600
Aug.	6, '99	Aug.	7, '99	100	100	-	200	300	99.68	8.6084	600
Aug.	13, '99	Aug.	14, '99	100	25	75	200	300	99.67	8.6084	600

* : Effective from auction dated May 14, 1999, devolvement amount would be on RBI only.