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10. Auctions of 91-Day Government of India Treasury Bills
81869083

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

(Rs. crore)


Date of
Outstan-
Auction

Date of
Issue

Notified
Amount

Competitive
Bids
Accepted
(Face Value)

Devolvement
on PDs and
RBI*
(Face Value)

Non-Compe-
titive Bids
Accepted
(Face Value)

Total
Issue
(4+5+6)
(Face Value)

Weighted
Average
Price

Implicit Yield
at Cut-off
Price
(per cent)

Amount
ding as on the
Date of Issue
(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

May

21, '99

May

22, '99

100

20

80

500

600

97.95

8.3716

2,090

May

28, '99

May

29, '99

100

80

20

300

400

97.86

8.7472

2,365


* :

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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