Auctions of Government of India Treasury Bills

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Date: July 30, 2005

																(Rs. crore)
Date of			Date of		Notified	Bids Received			Bids Accepted			Devol-	Total	Weigh-	Implicit	Amount
Auction			Issue		Amount	Total Face Value			Total Face Value			vement	Issue	ted	Yieldat	Outstanding
						Number	Com- petitive	Non- Com-petitive	Number	Com- petitive	Non- Com- petitive	on RBI	(8+9+10)	Average Price	Cut-off Price(per cent)	as on the Date of Issue (Face Value)
1			2		3	4	5	6	7	8	9	10	11	12	13	14
								91-Day Treasury Bills
2004-2005
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
Jul.	20		Jul.	22	2,000	46	3,239	—	21	2,000	—	—	2,000	98.66	5.4889	27,383

								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
Jul.	13		Jul.	15	1,500	58	3,868	309	7	550	309	—	859	97.25	5.6711	11,529
								364-Day Treasury Bills
2004-2005
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
Jul.		6	Jul.	8	2,000	53	4,046	—	28	2,000	—	—	2,000	94.61	5.7351	49,154
Jul.	20		Jul.	22	2,000	58	2,676	30	47	2,000	30	—	2,030	94.50	5.8923	49,180
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.