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