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No. 19 - Government of India : Auctions of 384-day Treasury Bills


                                                                                     (Rupees in crores)
-------------------------------------------------------------------------------------------------------------
Date of          Date of          Bids Received             Bids Accepted    Cut-off  Implicit   Amount Out-
Auction          Issue        ----------------------    ------------------     Price  Yield at   standing as
                               Number         Total      Number     Total       (Per   Cut-off   on the Date
                                              Face                  Face      cent)      Price      of Issue
                                              Value                 Value            (Per cent)
-------------------------------------------------------------------------------------------------------------
     1              2            3          4              5        6          7         8           9
-------------------------------------------------------------------------------------------------------------
1996-97

May   8        May  10             37        337.93          12     91.30      88.54   12.9433       2061.09
May  22        May  24             24        229.24          16    129.24      88.54   12.9433       2178.83
Jun.  5        Jun.  7             17        282.00           8    162.00      88.54   12.9433       2303.33
Jun. 19        Jun. 21             14        387.00          12    362.00      88.52   12.9688       2660.33
Jul.  3        Jul.  5             67        896.15          37    637.15      88.60   12.8668       3292.80
Jul. 17        Jul. 19            143       1529.03         101   1063.50      88.80   12.6126       4343.80
Jul. 31        Aug.  2             28        375.16           6     91.89      88.80   12.6126       3601.69
Aug. 14        Aug. 16             30        537.00          14    382.00      88.80   12.6126       3959.69
Aug. 28        Aug. 30             18        269.50           9    225.00      88.80   12.6126       4019.44
Sep. 11        Sep. 13             12        242.91           6    195.00      88.80   12.6126       4182.44
Sep. 25        Sep. 27             19        436.60           8    321.00      88.80   12.6126       4433.82
Oct.  9        Oct. 11             27        879.55          23    834.55      88.80   12.6126       5257.37
Oct. 23        Oct. 25             54       1285.05           4    151.00      89.21   12.0951       5332.37
Nov.  6        Nov.  8             63       1590.55          14    682.80      90.83   10.0958       5996.17
Nov. 20        Nov. 22             15        197.00           6     55.00      90.58   10.3996       6020.67
Dec.  4        Dec.  6             39        781.20          22    465.00      90.64   10.3266       6476.67
Dec. 18        Dec. 20             26        391.25          10    196.25      90.64   10.3266       6657.84
Jan.  1        Jan.  3             13        320.00          10    290.00      90.64   10.3266       6913.64
Jan. 15        Jan. 17             15        350.00           9    270.00      90.64   10.3266       7061.68
Jan. 29        Jan. 31             59       1887.40          14    635.00      90.83   10.0958       7616.68
Feb. 12        Feb. 14             39        512.48           8    110.95      90.83   10.0958       7680.63
Feb. 26        Feb. 28             23        570.00          14    435.00      90.83   10.0958       8108.63
Mar. 12        Mar. 14             10        100.00           4     42.00      90.83   10.0958       8136.63
Mar. 26        Mar. 29             13        157.00           6    117.00      90.83   10.0958       8240.63
Apr.  9        Apr. 11            101       2570.00          63   2008.00      91.39    9.4212      10027.63
Apr. 23        Apr. 25            116       3430.00          95   2893.00      91.76    8.9799      12845.63

1997-98

May   7        May   9             23        371.00           1     35.00      91.76    8.9799      12789.33
May  21        May  23             13        320.00           1    100.00      91.76    8.9799      12760.09

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