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10. Auctions of 91-Day Government of India Treasury Bills
81867164

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


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

                       

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

                       

Apr.

29, '99

May

3, '99

100

90

10

100

200

97.94

8.4133

1,565

                       

May

7, '99

May

8, '99

100

5

95

25

125

97.95

8.3716

1,590


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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