APPENDIX TABLE 58 : PROFILE OF TREASURY BILLS

(Amount in Rupees crore)

2002-03

2003-04

2004-05

2005-06

1

2

3

4

5

1.

Implicit Yield at Cut-Off Price (Per cent)

91-day Treasury Bills

Minimum

5.10

4.16

4.37

5.12

Maximum

7.00

5.47

5.61

6.69

Weighted Average

5.73

4.63

4.89

5.51

182-day Treasury Bills

Minimum

..

..

..

5.29

Maximum

..

..

..

6.74

Weighted Average

..

..

..

5.65

364-day Treasury Bills

Minimum

5.35

4.31

4.43

5.58

Maximum

6.98

5.49

5.77

6.81

Weighted Average

5.93

4.67

5.15

5.87

2.

Gross Issues

91-day Treasury Bills

26,402

36,789

1,00,592

1,03,424

(67,955)

(52,057)

182-day Treasury Bills

..

..

..

26,828

(13,078)

364-day Treasury Bills

26,126

26,136

47,132

45,018

(20,981)

(16,000)

3.

Net Issues

91-day Treasury Bills

4,626

2,485

20,653

-11,474

(19,500)

(-19,500)

182-day Treasury Bills

..

..

..

9,771

(3,000)

364-day Treasury Bills

6,538

10

20,997

-2,114

(20,981)

(-4,981)

4.

Outstanding at Year/Period End

91-day Treasury Bills

9,627

7,139

27,792

16,318

(19,500)

(0)

182-day Treasury Bills

..

..

..

9,771

(3,000)

364-day Treasury Bills

26,126

26,136

47,132

45,018

(20,981)

(16,000)

.. : Not applicable.
Note :
1. Figures in parentheses indicate issuances under the MSS.
2. Auction of 182-day Treasury Bills were introduced since April 6, 2005.
3. Non-competitive bids allowed to certain entities like State Governments result in the difference between notified amount and actual amounts issued and outstanding.