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Date : Aug 28, 2000

Appendix Table V.8: Profile of Treasury Bills

				(Amounts in Rupees crore)
	Item		1999-2000	1998-99	1997-98
	1		2	3	4
1.	Implicit Yield at cut-off price (per cent)

	14-day Treasury bills

		Minimum	6.52	5.47	4.95

		Maximum	8.87	9.39	7.30

		Average	8.23	7.79	5.80

	91-day Treasury bills

		Minimum	8.25	7.17	5.72

		Maximum	9.46	10.05	7.33

		Average	9.03	8.57	6.83

	182-day Treasury bills

		Minimum	8.96	- -	- -

		Maximum	9.97	- -	- -

		Average	9.68	- -	- -

	364-day Treasury bills

		Minimum	9.31	7.97	7.98

		Maximum	10.33	10.72	9.42

		Average	10.09	9.51	8.46

2.	Gross Issues

	14-day Treasury bills		16,453	18,150	69,237

	91-day Treasury bills		8,155	16,697	13,200

	182-day Treasury bills		2,900	- -	- -

	364-day Treasury bills		13,000	10,200	16,247

3.	Net Issues

	14-day Treasury bills		125	-40	240

	91-day Treasury bills		20	-100	-4,100

	182-day Treasury bills		1,300	- -	- -

	364-day Treasury bills		2,800	-6,047	8,006

4.	Outstanding at Year/Period End

	14-day Treasury bills		325	200	240

	91-day Treasury bills		1,520	1,500	1,600

	182-day Treasury bills		1,300	- -	- -

	364-day Treasury bills		13,000	10,200	16,247
- -	Not applicable.

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