ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Treasury bills, or T-bills, have a maximum maturity period of 364 days. So, they are categorised as money market instruments (money market deals with funds with a maturity of less than one year). At present, treasury bills are issued in three maturities-91-day, 182-day and 364-day.

Detailed explanation-2: -1.3 Treasury bills or T-bills, which are money market instruments, are short term debt instruments issued by the Government of India and are presently issued in three tenors, namely, 91 day, 182 day and 364 day.

Detailed explanation-3: -India Treasury Bills: Auction: 364 Days: Price: Implicit Yield at Cut Off data was reported at 7.480 % pa in 08 Mar 2023. This records an increase from the previous number of 7.390 % pa for 01 Mar 2023.

Detailed explanation-4: -They are sold in auctions at a discount from the par value of the bill. They are offered with maturities of 28 days (one month), 91 days (3 months), 182 days (6 months), and 364 days (one year).

Detailed explanation-5: -1 Year Treasury Rate is at 4.90%, compared to 5.18% the previous market day and 1.19% last year. This is higher than the long term average of 2.87%.