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10. Auctions of 91-Day Government of India Treasury Bills
81858913

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

Jan. 2, ’98 Jan. 3, ’98 200   —   —   200   200   98.23   7.2076   3,650  
Apr. 3, ’98 Apr. 4, ’98 100   10   90   25   125   98.20   7.3320   1,525  
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  
Dec. 18, '98 Dec. 19, '98 400   324   77   40   440   97.69   9.4585   5,880  
Dec. 24, '98 Dec. 26, '98 100   48   52   50   150   97.66   9.5843   5,770  

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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