India Announces Weekly Treasury Bill Auctions for Q1 2014, Totaling Rs. 1,43,000 Crore; Schedule May Adjust.
The Government of India, in collaboration with the Reserve Bank of India, has announced the auction schedule for Treasury Bills for the quarter ending March 2014. The auctions will occur weekly, with varying amounts for 91-day, 182-day, and 364-day T-Bills, totaling Rs. 1,43,000 crore. The government retains the flexibility to adjust the auction amounts and schedule based on cash needs, market conditions, and other factors. Any changes will be communicated through press releases. The auctions will adhere to the terms outlined in the General Notification No. F2(12)-W M/97, as amended.