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Government of India in consultation with the Reserve Bank of India (RBI), after reviewing the cash position of the Government of India, has decided to notify the amounts for the issuance of Treasury Bills for the Quarter ending June 2014 as under:
Proposed Auction of T-Bills during April-June 2014 (Rs. in Crore) | ||||
Date of Auction | 91 Days | 182 Days | 364 Days | Total |
2-Apr-14 | 9,000 | 6,000 | 15,000 | |
9-Apr-14 | 9,000 | 6,000 | 15,000 | |
16-Apr-14 | 9,000 | 6,000 | 15,000 | |
23-Apr-14 | 9,000 | 6,000 | 15,000 | |
30-Apr-14 | 9,000 | 6,000 | 15,000 | |
7-May-14 | 9,000 | 6,000 | 15,000 | |
13-May-14 | 9,000 | 6,000 | 15,000 | |
21-May-14 | 9,000 | 6,000 | 15,000 | |
28-May-14 | 9,000 | 6,000 | 15,000 | |
4-June-14 | 8,000 | 6,000 | 14,000 | |
11-June-14 | 8,000 | 6,000 | 14,000 | |
18-June-14 | 8,000 | 6,000 | 14,000 | |
25-June-14 | 8,000 | 6,000 | 14,000 | |
Total | 113,000 | 36,000 | 42,000 | 191,000 |
Government of India/the Reserve Bank of India (RBI) will continue to have the flexibility to modify the notified amount and timing for auction of Treasury Bills depending upon the requirements of the Government, evolving market conditions and other relevant factors. Thus, the calendar is subject to change, if circumstances so warrant including for reasons such as intervening holidays. Such changes, if any, will be communicated through regular press releases.
The auction of Treasury Bills will be subject to the terms and conditions specified in the General Notification No. F2(12)-W&M/97 dated March 31, 1998 issued by the Government of India, as amended from time to time.
Treasury bill issuance schedule announced; government and central bank retain flexibility to modify auction amounts and timing. Government of India, with the Reserve Bank of India, announced a quarterly auction calendar specifying recurring auction dates and tenor-specific issuance quantities for 91-day, 182-day and 364-day Treasury Bills and aggregate totals for the quarter. The Government and the Reserve Bank retain flexibility to modify the notified amount and timing of auctions based on cash requirements and market conditions; the calendar is subject to change and all auctions are subject to the terms and conditions specified in the General Notification referenced in the announcement. of Press 'Enter' after typing page number.
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