Press Information Bureau
Government of India
Ministry of Finance

29-June-2012 19:10 IST

Calendar for Auction of Government of India Treasury Bills for the Quarter Ending September 2012

       On a review of its cash position, 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 quarter ending September 2012. The notified amounts for the auctions of T-Bills during July 1, 2012 to September 30, 2012 are given below:

Proposed Auctions of T-Bills during July-September, 2012
(Rs.Crore)
Date of Auction	91 days	182 days	364 days	Total
04 July 2012	7,000	5,000		12,000
11 July 2012	7,000		5,000	12,000
18 July 2012	7,000	5,000		12,000
25 July 2012	7,000		5,000	12,000
01 August 2012	7,000	5,000		12,000
08 August 2012	7,000		5,000	12,000
14 August 2012	7,000	5,000		12,000
22 August 2012	7,000		5,000	12,000
29 August 2012	7,000	5,000		12,000
05 Sept. 2012	7,000		5,000	12,000
12 Sept. 2012	7,000	5,000		12,000
20 Sept. 2012	7,000		5,000	12,000
26 Sept. 2012	7,000	5,000		12,000
Total	91,000	35,000	30,000	1,56,000

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 requirement of the Government of India, evolving market conditions and other relevant factors. 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 auctions 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. 

 

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DSM/SS/GN

Treasury bill issuance calendar announced; government reserves flexibility to modify auction amounts and timing under notification. Announcement sets a quarterly auction calendar for Government of India Treasury Bills for July-September 2012, listing weekly auction dates with specified notified allotments for 91 day, 182 day and 364 day bills and cumulative quarterly totals. The Government, in consultation with the Reserve Bank of India, retains discretion to modify amounts and timing based on cash requirements and market conditions; the calendar is subject to change and all auctions are governed by the applicable General Notification and auction terms.