Volatility of Real Return and Impact of Monetary Policy Rates on Yield of the 182 Days Treasury Bills in India

Central Government issues securities in financial markets to meet out its financial requirements for fulfilling its objectives towards overall economic and welfare development of the nation. Both money and capital markets help to float short term as well as long term securities before the public to tap their savings. Financial institutions, Banks, primary dealers and individuals are allowed to deal with financial securities. 182 Days Treasury Bill is also one of the instrument which cater the needs of deficit of the government. This paper deals with 182 days treasury bills for analyzing the real return and trading of 182 days treasury bills in the secondary market and the impact of monetary policy rates on average yield on 182 days treasury bills and concluded that monetary policy rates have impact on 182 days treasury bills in India