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Table 14: Auctions of Treasury Bills |
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(Rs million) |
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Auctions held on |
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Total |
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4-Mar-99 |
11-Mar-99 |
19-Mar-99 |
26-Mar-99 |
Feb-99 |
Mar-99 |
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1. |
Amount of Bills Put on Tender |
1,000 |
1,500 |
1,200 |
1,900 |
5,200 |
5,600 |
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2. |
Value of Bids Received |
602 |
1,212 |
572 |
1,664 |
4,246 |
4,050 |
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3. |
Value of Bids Accepted |
587 |
1,211 |
561 |
1,568 |
3,825 |
3,927 |
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4. |
Value of Bills Maturing |
473 |
536 |
853 |
1,183 |
3,977 |
3,045 |
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5. |
Net Issue of Bills(3-4) |
114 |
675 |
-292 |
385 |
-152 |
882 |
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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-Mar-99 |
11-Mar-99 |
19-Mar-99 |
26-Mar-99 |
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1. |
Weighted Yield on: |
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30-day |
12.41 |
12.41 |
12.41 |
12.41 |
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91-day |
12.62 |
12.66 |
12.66 |
12.58 |
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182-day |
12.78 |
12.78 |
12.76 |
12.76 |
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364-day |
12.99 |
12.98 |
12.98 |
12.97 |
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728-day |
13.10 |
13.10 |
13.10 |
13.10 |
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2. |
Overall Weighted Average Yield |
12.69 |
12.79 |
12.77 |
12.70 |
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3. |
Bank Rate* |
12.65 |
12.64 |
12.69 |
12.60 |
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* : Effective on the day following auction day, except for 11 March 1999 when Bank Rate became effective on 15 March 1999. |
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For 19 March 1999, Bank Rate became effective on the same day and for 26 March 1999, Bank Rate became effective on 29 March 1999. |
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Bank Rate is determined on the basis of overall weighted auction of Bills with maturities of 30, 91,182 and 364 days only. |
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Last Updated on 4/14/99
By bom