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Press Information Bureau
Government of India
Ministry of Finance
30-December-2011 19:10 IST
Calendar for Auction of Government of India Treasury Bills for the Quarter Ending March 2012
The Government of India in consultation with the Reserve Bank of India, after reviewing the cash position of the Government for 2011-12 and the cash requirements for the first five weeks of 2012-13 (factoring in redemptions of dated securities to the extent of Rs.59,000 crore), has decided to notify the amounts for the issuance of Treasury Bills for the quarter ending March 31, 2012 as under:
Proposed Auction of T-Bills during Jan-March 2012 (Rs. Crore) | ||||
Date of Auction | 91 Days | 182 Days | 364 Days | Total |
4-Jan-12 | 6,000 | 4,000 |
| 10,000 |
11-Jan-12 | 6,000 |
| 4,000 | 10,000 |
18-Jan-12 | 6,000 | 4,000 |
| 10,000 |
25-Jan-12 | 6,000 |
| 4,000 | 10,000 |
1-Feb-12 | 9,000 | 4,000 |
| 13,000 |
8-Feb-12 | 9,000 |
| 4,000 | 13,000 |
15-Feb-12 | 9,000 | 4,000 |
| 13,000 |
22-Feb-12 | 9,000 |
| 4,000 | 13,000 |
29-Feb-12 | 8,000 | 4,000 |
| 12,000 |
7-Mar-12 | 8,000 |
| 4,000 | 12,000 |
14-Mar-12 | 8,000 | 4,000 |
| 12,000 |
21-Mar-12 | 8,000 |
| 4,000 | 12,000 |
28-Mar-12 | 8,000 | 4,000 |
| 12,000 |
Total | 1,00,000 | 28,000 | 24,000 | 1,52,000 |
The Reserve Bank of India/ Government 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. F2(12)-W&M/97 dated March 31, 1998 issued by the Government of India, as amended from time to time.
DSM/GN
Treasury bill auction schedule announced with proposed weekly allotments and flexibility to adjust timing and amounts. Notification of a quarterly auction calendar for Treasury Bill auctions specifying proposed weekly allotments by 91 day, 182 day and 364 day tenors and aggregate issuance totals for the quarter ending March 31, 2012. The Government and Reserve Bank retain flexibility to modify notified amounts and timing in response to cash management needs and market conditions; changes will be communicated by press release. Auctions are subject to the terms of the General Notification No. F2(12)-W&M/97, as amended. of Press 'Enter' after typing page number.
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