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On a review of the cash position of the Government of India, the Government of India, in consultation with the Reserve Bank of India (RBI), has decided to notify amounts for the issuance of Treasury Bills for the first quarter ending June 2011. The notified amounts for the auction of the Treasury Bills for the period April 1, 2011 to June 30, 2011 are given below:
Notified amount for auction of Treasury Bills (April 1, 2011 to June 30, 2011) (Rs. Crore) | ||||
Date of Auction | 91 Days | 182 Days | 364 Days | Total |
6-April-11 | 4,000 |
| 2,000 | 6,000 |
13-April-11 | 4,000 | 2,000 |
| 6,000 |
20- April -11 | 4,000 |
| 2,000 | 6,000 |
27- April -11 | 4,000 | 2,000 |
| 6,000 |
4- May-11 | 5,000 |
| 2,000 | 7,000 |
11-May-11 | 5,000 | 2,000 |
| 7,000 |
18-May-11 | 5,000 |
| 2,000 | 7,000 |
25-May-11 | 5,000 | 2,000 |
| 7,000 |
1-June-11 | 5,000 |
| 2,000 | 7,000 |
8-June-11 | 5,000 | 2,000 |
| 7,000 |
15-June-11 | 5,000 |
| 2,000 | 7,000 |
22-June-11 | 5,000 | 2,000 |
| 7,000 |
29-June-11 | 6,000 |
| 2,000 | 8,000 |
Total | 62,000 | 12,000 | 14,000 | 88,000 |
The Government of India/ Reserve Bank of India (RBI) will continue to have the flexibility to modify the notified amount and timing for auction of Treasury Bills keeping in view the emerging requirements of the Government, market conditions and other relevant factors. The calendar is thus 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 from time to time..
The auction of Treasury Bills will be subject to the terms and conditions specified in the General Notification No. F 2(12)-W&M/97, dated March 31, 1998 issued by the Government of India, as amended from time to time.
Treasury bill auction schedule notified with flexibility to modify timing and amounts under existing notification terms. The Government of India, in consultation with the Reserve Bank of India, has notified the schedule and amounts for auctions of 91 day, 182 day and 364 day Treasury Bills for the quarter ending June 2011, and retains flexibility to modify notified amounts and timing in response to government cash needs, market conditions or intervening events; all auctions are subject to the terms of the General Notification F 2(12)-W&M/97, as amended. of Press 'Enter' after typing page number.
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