The Hindu Business Line : Rs 500-cr T-bills auction on Dec 1

THE Reserve Bank of India has announced that the auction of 91-day Government of India Treasury Bills for notified amount of Rs 500 crore would be conducted on December 1, under the regular auction calendar. The auction of Rs 1,500 crore under MSS will not be conducted.

The central bank said in a release, "Taking into account all relevant factors" auction of 91-day Treasury Bills for Rs 1,500 crore scheduled for December 1, under quarterly indicative schedule for MSS (Market Stabilisation Scheme) would not be conducted. The auction will be conducted using "Multiple Price Auction'' method and payment by successful bidders will be on December 3.

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