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

RbiAnnouncementWeb

Date: September 11, 1999


(Rs. crore)

Date of 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 Outstan- ding as on the Date of Issue (Face Value)


	1		2	3	4	5	6	7	8	9	10

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
Jul.	2, '99	Jul.	3, '99	100	73	27	25	125	97.73	9.2909	3,505
Aug.	27, '99	Aug.	28, '99	100	100		200	300	97.69	9.4585	2,760
Sep.	3, '99	Sep.	4, '99	100	15	85		100	97.69	9.4585	2,460

* :	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.