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Appendix Table V.8 : Profile of Treasury Bills

(Amount in Rupees crore)


 

Item

 

2002-03

2001-02

2000-01

1999-2000


 

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

   

Maximum

..

7.56

10.97

8.87

   

Average

..

7.13

8.23

8.23

 

91-day Treasury Bills

         
   

Minimum

5.10

6.05

7.91

8.25

   

Maximum

7.00

8.50

10.47

9.46

   

Average

5.73

6.88

8.98

9.03

 

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

5.35

6.16

8.66

9.31

   

Maximum

6.98

8.85

10.91

10.33

   

Average

5.93

7.30

9.76

10.09

2.

Gross Issues

         
 

14-day Treasury Bills

 

..

1,100

10,480

16,453

 

91-day Treasury Bills

 

26,402

20,216

7,255

8,155

 

182-day Treasury Bills

 

..

300

2,600

2,900

 

364-day Treasury Bills

 

26,126

19,588

15,000

13,000

             
             

3.

Net Issues

         
 

14-day Treasury Bills

 

..

-300

-25

125

 

91-day Treasury Bills

 

4,626

3,171

310

20

 

182-day Treasury Bills

 

..

-1300

..

1,300

 

364-day Treasury Bills

 

6,538

4,588

2,000

2,800

             
             

4.

Outstanding at Year/Period End

         
 

14-day Treasury Bills

 

..

..

300

325

 

91-day Treasury Bills

 

9,627

5,001

1,830

1,520

 

182-day Treasury Bills

 

..

..

1,300

1,300

 

364-day Treasury Bills

 

26,126

19,588

15,000

13,000


.. 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. Auction of 14-day and 182-day Treasury Bills were discontinued from the week beginning May 14, 2001.

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