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

RbiAnnouncementWeb

Date: January 02, 1999

											(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.