Financial Daily from THE HINDU group of publications
Monday, Apr 04, 2005
Financial Daily from THE HINDU group of publications Monday, Apr 04, 2005 |
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Money & Banking
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Short Term Instruments RBI to raise Rs 2,500 crore under MSS Our Bureau
Mumbai , April 3 THE Reserve Bank of India plans to raise Rs 2,500 crore through the auction of 182-day and 91-day Government of India treasury bills under the Market Stabilisation Scheme. Of this, Rs 1,000 crore will be raised through the auction of 182-day T-bills, while Rs 1,500 crore through the auction of 91-day T-bills. The RBI also proposes to raise Rs 1,000 crore through the regular auction. Of this, Rs 500 crore will raised through the auction of 182-day T-bills and Rs 500 crore through the auction of 91-day T-bills. 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 RBI. Tenders should be submitted on Wednesday, before 12 noon. Successful bidders will have to make the payment on April 8.
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