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Our Bureau

Mumbai , Jan.15

THE Reserve Bank of India has announced the auction of 364-day Government of India treasury bills for a notified amount of Rs 2,000 crore to be held on January 19.

Of this amount, Rs 1,000 crore will be auctioned under the regular auction calendar and Rs 1,000 crore under the market stabilisation scheme, according to a press release.

Tenders should be submitted in the prescribed form on January 19 and the results will be announced the same evening. Payment by successful bidders will be on January 22.

The central bank has also announced the auction of 91-day Government of India treasury bills for a notified amount of Rs 2,000 crore to be held on January 19. Of this amount, Rs 500 crore will be auctioned under the regular auction calendar and Rs 1,500 crore under the market stabilisation scheme. The auction will be conducted using the multiple price auction method.

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