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Public Debt Management Quarterly Report — October to December 2019

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..... Public Debt Management Quarterly Report — October to December 2019 - News and Press Release Dated:- 18-3-2020 - News - Since April-June (Q1) 2010-11, Public Debt Management Cell (PDMC) (earlier Middle Office), Budget Division, Department of Economic Affairs, Ministry of Finance has been bringing out a quarterly report on debt management on a regular basis. The current report pertains to the quar .....

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..... ter October - December 2019 (Q3 FY20). During Q3 of FY20, the Central Government issued dated securities aggregating to ₹1,92,000crore as against ₹1,27,000 crore in Q3 of FY19. The weighted average maturity (WAM) of new issuances stood at 16.07 years in Q3 ofFY20 (15.89 years in Q2 of FY20). The weighted average yield (WAY) of primary issuances of dated securities for the same quart .....

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..... er was lower at 6.86 per cent compared to 6.93 per cent in Q2 of FY20. During October-December 2019, the Central Government raised ₹50,000 crorethrough the issuance of Cash Management Bills. The net average liquidity absorption by RBI under Liquidity Adjustment Facility (LAF) including MSF was ₹2,32,263.39crore during the quarter. The total liabilities (including liabilities under t .....

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..... he Public Account ) of the Government, increased to ₹93,89,267crore at end-December 2019 from ₹91,01,484crore at end-September 2019. Public debt accounted for 90.4 per cent of total outstanding liabilities at end-December 2019. Nearly 31.7 per cent of the outstanding dated securities had a residual maturity of less than 5 years. The holding pattern indicates a share of 39.1 per cent f .....

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..... or commercial banks and 24.9 per cent for insurance companies at end-December 2019. The yields on G-Secs moved in a narrow range during October-November 2019, before hardening in the first fortnight of December 2019. This reflected the impact of several developments namely reduction in the repo rate by 25 bps by the MPC of the Reserve Bank,contraction in IIP for the month of October 2019 andsim .....

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..... ultaneous purchase and sale of government securities under open market operations by the Reserve Bank in December 2019. Central Government dated securities continued to account for a major share of total trading volumes in the secondary market, with a share of 82.0 per cent in total outright trading volumes in value terms during Q3 of FY20. - News - Press release - PIB Tax Management India - ta .....

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..... xmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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