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Appendix Table V.8 : Profile of Treasury Bills

       

(Amount in Rupees crore)


 

Item

 

2001-02

2000-01

1999-00

1998-99


 

1

 

2

3

4

5


1.

Implicit Yield at Cut-off Price (per cent)

         
             
 

14-day Treasury Bills

         
   

Minimum

6.78

6.26

6.52

5.47

   

Maximum

7.56

10.97

8.87

9.39

   

Average

7.13

8.23

8.23

7.79

             
 

91-day Treasury Bills

         
   

Minimum

6.05

7.91

8.25

7.17

   

Maximum

8.50

10.47

9.46

10.05

   

Average

6.88

8.98

9.03

8.57

             
 

182-day Treasury Bills

         
   

Minimum

8.33

8.42

8.96

..

   

Maximum

8.57

10.42

9.97

..

   

Average

8.44

9.43

9.68

..

             
 

364-day Treasury Bills

         
   

Minimum

6.16

8.66

9.31

7.97

   

Maximum

8.85

10.91

10.33

10.72

   

Average

7.30

9.76

10.09

9.51

             

2.

Gross Issues

         
 

14-day Treasury Bills

 

1100

10,480

16,453

18,150

 

91-day Treasury Bills

 

20,216

7,255

8,155

16,697

 

182-day Treasury Bills

 

300

2,600

2,900

..

 

364-day Treasury Bills

 

19,588

15,000

13,000

10,200

             

3.

Net Issues

         
 

14-day Treasury Bills

 

-300

-25

125

-40

 

91-day Treasury Bills

 

3,171

310

20

-100

 

182-day Treasury Bills

 

-1,300

..

1,300

..

 

364-day Treasury Bills

 

4,588

2,000

2,800

-6,047

             

4.

Outstanding at Year/Period End

         
 

14-day Treasury Bills

 

..

300

325

200

 

91-day Treasury Bills

 

5,001

1,830

1,520

1,500

 

182-day Treasury Bills

 

..

1,300

1,300

..

 

364-day Treasury Bills

 

19,588

15,000

13,000

10,200


.. Not applicable.

         

Note : 1. Non-competitive bids allowed to certain entities like State Governments result in the difference between notified amount and actual amounts issued and outstanding.
2. Auctions of 14-day and 182-day Treasury Bills were discontinued from the week beginning May 14, 2001.

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