| Table 14: Auctions of Treasury Bills | |||||||||||
| (Rs million) | |||||||||||
| Auctions held on | Total | ||||||||||
| 4-Feb-00 | 11-Feb-00 | 18-Feb-00 | 25-Feb-00 | Jan-00 | Feb-00 | ||||||
| 1. | Amount of Bills put on Tender | 1,300 | 1,400 | 1,800 | 1,800 | 6,600 | 6,300 | ||||
| 2. | Value of Bids Received | 1,162 | 1,306 | 1,488 | 1,362 | 5,758 | 5,318 | ||||
| 3. | Value of Bids Accepted | 1,162 | 1,306 | 1,488 | 1,361 | 5,494 | 5,317 | ||||
| 4. | Value of Bills Maturing 1 | 1,170 | 1,266 | 1,397 | 1,460 | 5,035 | 5,293 | ||||
| 5. | Net Issue of Bills (3 - 4) | -8 | 40 | 91 | -99 | 459 | 24 | ||||
| 1 Figures exclude maturing Bills of the Secondary Market Cell. | |||||||||||
| Table 15: Bank Rate and Weighted Average Yields on Treasury Bills | |||||||||||
| (Per cent per annum) | |||||||||||
| Auctions held on | |||||||||||
| 4-Feb-00 | 11-Feb-00 | 18-Feb-00 | 25-Feb-00 | ||||||||
| 1. | Weighted Yield on: | ||||||||||
| 28-day | 11.14 | 11.14 | 11.10 | 11.15 | |||||||
| 91-day | 12.14 | 12.16 | 12.16 | 12.09 | |||||||
| 182-day | 12.50 | 12.50 | 12.49 | 12.47 | |||||||
| 364-day | 12.62 | 12.62 | 12.62 | 12.62 | |||||||
| 728-day | 12.93 | 12.94 | 12.95 | 12.95 | |||||||
| 2. | Overall Weighted Average Yield | 11.90 | 11.91 | 12.07 | 12.07 | ||||||
| 3. | Bank Rate 1 | 11.89 | 11.90 | 12.02 | 12.02 | ||||||
| Bank Rate is determined on the basis of overall weighted average yield on Bills with maturities of 28, 91,182 and 364 days only. | |||||||||||
| As from 28 January 2000, Bank Rate is effective on the same day. | |||||||||||