Revised Calendar for Auction of Government of India Treasury Bills

(For remaining period of the Quarter ending June 2020)

After reviewing the cash position of the Government of India, Government in consultation with Reserve Bank of India, has decided to notify the revised amounts for the issuance of Treasury Bills for the remaining period of  quarter ending June 2020as under:

Revised T-Bills Calendar for remaining period of Q1 FY 2020-21

(April 17, 2020 to June 30, 2020)

 (Rs. Crore)

Date of Auction	91 Days	182 Days	364 Days	Total
22 April, 2020	15,000	16,000	14,000	45,000
29 April, 2020	15,000	16,000	14,000	45,000
06 May,  2020	15,000	16,000	14,000	45,000
13 May,  2020	15,000	16,000	14,000	45,000
20 May,  2020	15,000	16,000	14,000	45,000
27 May,  2020	15,000	16,000	14,000	45,000
03 June,  2020	15,000	16,000	14,000	45,000
10 June,  2020	15,000	16,000	14,000	45,000
17 June,  2020	15,000	16,000	14,000	45,000
24 June,  2020	15,000	16,000	14,000	45,000
Total	150,000	160,000	140,000	450,000

The Government of India/Reserve Bank of India 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. F.No.4(2)–W&M/2018, dated March 27, 2018 issued by the Government of India, as amended from time to time.

Treasury bill issuance calendar updated; government and central bank retain flexibility to modify auction amounts and timing. Revised issuance calendar for Treasury Bills issued for the remaining quarter ending June 2020 sets weekly auction dates for 91 day, 182 day and 364 day instruments with consistent per auction allocations and aggregate quarterly totals. The Government, in consultation with the Reserve Bank, retains flexibility to modify notified amounts and timing based on cash management needs and market conditions, and any changes will be communicated by press release. All auctions are subject to the terms and conditions of the applicable General Notification governing Treasury Bill issuance.