Financial Daily from THE HINDU group of publications
Sunday, Feb 27, 2005
Financial Daily from THE HINDU group of publications Sunday, Feb 27, 2005 |
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Money & Banking
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Short Term Instruments RBI announces T-bills auction Our Bureau
Mumbai , Feb. 26 THE RBI announced the auction of the 364-day and 91-day treasury bills under the Market Stabilisation Scheme (MSS) to raise Rs 4,000 crore. Under the 364-day bill, the RBI plans to raise Rs 1,000 crore under the regular auction and Rs 1,000 crore under MSS. Under the 91-daybill, it plans to raise Rs 500 crore under the regular auction calendar and Rs 1,500 under the MSS. The auction will be conducted using `Multiple Price Auction" method. The allocation to non-competitive bidders will be outside the notified amount, at the discretion of the RBI. Tenders are to be submitted on March 2, by 12.30 noon.
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