Financial Daily from THE HINDU group of publications
Sunday, Jul 03, 2005
Financial Daily from THE HINDU group of publications Sunday, Jul 03, 2005 |
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Money & Banking
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Short Term Instruments RBI to raise Rs 2,500 cr under T-Bill auction Our Bureau
Mumbai , July 2 THE RBI proposes to raise Rs 2,500 crore under the market stabilisation scheme (MSS) auction and Rs 1,500 crore through the regular auction. The central bank will auction 91-day and 364 Government of India Treasury bills for a notified amount of Rs 2,000 crore. In the case of the 91 day treasury bill, Rs 500 crore will be auctioned under the regular auction calendar and Rs 1,500 crore under MSS. For the 364 day treasury bill, Rs 1,000 crore will be auctioned under the regular calendar and Rs 1,000 crore under 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 should be submitted in the prescribed form on July 6, before 12.30 p.m. Results will be announced the same evening and successful bidders will have to make the payment by July 8.
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