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quarterly indicative Schedule for issuance of Treasury Bills/dated securities under Market Stabilization Scheme (MSS) covering the period from October 1, 2005 to December 31, 2005 has been drawn up in consultation with the Reserve Bank of India. The indicative schedule is as under:
Indicative Schedule for issuance of T- Bills/dated securities under MSS
(for the period October 1, 2005 to December 31, 2005)
Auction Date
Nature of Instruments
Auction amount
(Indicative)
October 5, 2005
(i) 91-day treasury bills
(ii) 182-day treasury bills
Rs.1,500 crore
Rs.1,000 crore
October 11, 2005
(i) 91 –day treasury bills
(ii) 364-day treasury bills
Rs.1,500 crore
Rs.1,000 crore
October 19, 2005
(i) 91 –day treasury bills
(ii) 182-day treasury bills
Rs.1,500 crore
Rs.1,000 crore
October 26, 2005
(i) 91 –day treasury bills
(ii) 364-day treasury bills
Rs.1,500 crore
Rs.1,000 crore
November 2, 2005
(i) 91 –day treasury bills
(ii) 182-day treasury bills
Rs.1,500 crore
Rs.1,000 crore
November 9, 2005
(i) 91 –day treasury bills
(ii) 364-day treasury bills
Rs.1,500 crore
Rs.1,000 crore
November 16, 2005
(i) 91 –day treasury bills
(ii) 182-day treasury bills
Rs.1,500 crore
Rs.1,000 crore
November 23, 2005
(i) 91 –day treasury bills
(ii) 364-day treasury bills
Rs.1,500 crore
Rs.1,000 crore
November 30, 2005
(i) 91 –day treasury bills
(ii) 182-day treasury bills
Rs.1,500 crore
Rs.1,000 crore
December 7, 2005
(i) 91 –day treasury bills
(ii) 364-day treasury bills
Rs.1,500 crore
Rs.1,000 crore
December 14, 2005
(i) 91 –day treasury bills
(ii) 182-day treasury bills
Rs.1,500 crore
Rs.1,000 crore
December 21, 2005
(i) 91 –day treasury bills
(ii) 364-day treasury bills
Rs.1,500 crore
Rs.1,000 crore
December 28, 2005
(i) 91 –day treasury bills
(ii) 182-day treasury bills
Rs.1,500 crore
Rs.1,000 crore
(a)Total auction Amount
Rs.32,500 crore
(b) Redemption of Treasury Bills issued
under MSS
Rs.35,534.63 crore
(c) net issuance(a-b)
(-) Rs.3,034.63 crore
The issuance of treasury Bills under the MSS will be undertaken by increasing the notified amounts for the regular auctions of 91-day, 182-day and 364-day treasury bills. Thus, the issuances under MSS covered by the above quarterly indicative schedule will be undertaken in addition to the regular issuances of treasury Bills and dated securities.
The above indicative schedule is subject to variations depending on market conditions and other relevant factors. In addition to the proposed issuances indicated in the schedule, there will also be flexibility for additional issuances of treasury Bills and dated securities based on the prevailing liquidity conditions and other relevant factors.
It may be recalled that on March 25, 2004 a Memorandum of Understanding (MOU) between the Government of India and the Reserve bank of India was signed for launching of MSS. The scheme was launched through a system of releasing quarterly indicative schedule for issuances of Treasury Bills/dated securities under MSS. This indicative schedule for October- December 2005 quarter is in continuation to the earlier schedules.
Department of Economic Affairs, Ministry of Finance
New Delhi: Bhadrapada 28; September 19,2005
BY/GN-340/05
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