Press Information Bureau
Government of India
Ministry of Finance
28-December-2012 18:30 IST
The Government of India, in consultation with the Reserve Bank of India, after reviewing the cash position of the Government of India and funding requirement in the first quarter of the next financial year, has decided to notify the amounts for the issuance of Treasury Bills for the quarter ending March 2013. The notified amounts for the auctions of T-Bills during January 1, 2013 to March 31, 2013 are given below:
Proposed Auctions of T-Bills during January-March, 2013 |
(` crore) |
Date of Auction | 91 Days | 182 Days | 364 Days | Total |
02 January 2013 | 5,000 | 5,000 | | 10,000 |
09 January 2013 | 5,000 | | 5,000 | 10,000 |
16 January 2013 | 5,000 | 5,000 | | 10,000 |
23 January 2013 | 5,000 | | 5,000 | 10,000 |
30 January 2013 | 5,000 | 5,000 | | 10,000 |
06 February 2013 | 5,000 | | 5,000 | 10,000 |
13 February 2013 | 5,000 | 5,000 | | 10,000 |
20 February 2013 | 5,000 | | 5,000 | 10,000 |
27 February 2013 | 7,000 | 5,000 | | 12,000 |
06 March 2013 | 7,000 | | 5,000 | 12,000 |
13 March 2013 | 7,000 | 5,000 | | 12,000 |
20 March 2013 | 7,000 | | 5,000 | 12,000 |
27 March 2013 | 7,000 | 5,000 | | 12,000 |
Total | 75,000 | 35,000 | 30,000 | 1,40,000 |
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 of India, 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 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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RS/-
Treasury bill auction calendar announced, scheduled issuances across tenors with flexibility to modify timing and amounts. Notification sets a Treasury bill auction calendar for the quarter ending March 2013, specifying scheduled weekly auctions for 91 day, 182 day and 364 day tenors with aggregated notified issuance amounts. The Government of India and the Reserve Bank of India retain flexibility to modify amounts and timing based on cash requirements and market conditions, and auctions will follow the terms of General Notification No. F2(12)-W&M/97, as amended.
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