Sheet1

                       
Table 16 : Auctions of Treasury Bills: Maturity-wise                      
                       
                       
    Sep-98 Oct-98 Nov-98 Dec-98 Jan-99 Feb-99 Mar-99 Apr-99 May-99  
    (Rs Million)  
                       
Amount put on Tender   3,600 5,800 3,200 5,500 7,400 5,200 5,600 5,950 3,300  
                       
Total Bids Received   3,373 4,292 2,099 4,700 6,601 4,246 4,050 4,140 2,451  
30-day         799 890 864 995 1,262 979  
91-day   1,930 2,790 1,296 1,857 2,039 1,193 1,106 1,236 640  
182-day   455 744 395 871 1,131 1,099 564 329 316  
364-day   175 320 403 335 1,339 771 497 327 266  
728-day   813 438 5 838 1,202 319 888 986 250  
                       
Total Bills Sold   3,049 4,282 2,099 4,087 5,295 3,825 3,927 3,984 2,389  
30-day         605 551 565 965 1,137 922  
91-day   1,696 2,780 1,296 1,591 1,580 1,153 1,106 1,205 640  
182-day   442 744 395 747 856 1,063 498 329 316  
364-day   149 320 403 323 1,126 747 485 327 261  
728-day   762 438 5 821 1,182 297 873 986 250  
                       
    (Per Cent Per Annum)  
       
Weighted Average Yield                      
30-day         12.51 12.61 12.55 12.41 12.32 12.41  
91-day   10.17 10.41 11.60 12.16 12.76 12.59 12.61 12.69 12.68  
182-day   10.14 10.91 11.84 12.89 12.78 12.71 12.77 12.75 12.77  
364-day   10.11 11.06 11.74 12.88 12.94 12.95 12.98 12.98 13.00  
728-day   10.86 11.14 12.00 13.05 12.99 13.08 13.10 13.10 13.10  
Overall Weighted Yield   10.34 10.62 11.67 12.58 12.84 12.73 12.74 12.71 12.67  
Bank Rate (Simple Average)   10.12 10.30 11.43 12.49 12.76 12.71 12.66 12.62 12.62  
                       
Auction of 728-day and 30-day Treasury Bills started as from July and December 1998, respectively.                      
Note: Figures may not add up to total due to rounding.                      
                       

Last Updated on 6/15/99
By bom