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10. Auctions of 91-Day Government of India Treasury Bills
82534009

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

(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


Jul.

3, '98

Jul.

4, '98

100

20

 

80

 

50

 

150

98.20

7.3320

3,460

Oct.

9, '98

Oct.

10, '98

500

382

 

118

 

40

 

540

97.57

9.9621

6,151

Jan.

1, '99

Jan.

2, '99

100

100

 

—

 

—

 

100

97.67

9.5423

5,670

Apr.

1, '99

Apr.

3, '99

100

100

 

—

 

20

 

120

97.86

8.7472

1,520

Jun.

11. '99

Jun.

12, '99

100

100

 

—

 

500

 

600

97.81

8.9561

3,125

Jun.

18, '99

Jun.

19, '99

100

65

 

35

 

400

 

500

97.80

8.9980

3,525


* :  

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

Note :

Uniform Price Auction was introduced from November 6, 1998. From that date onwards, weighted average price and cut-off price will be same since all the successful bidders are allotted at cut-off price.

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