The Hindu Business Line : RBI proposes to raise Rs 2,500 cr under MSS

THE Reserve Bank of India has proposed to raise Rs 2,500 crore through the auction of 91-day and 364-day treasury bills, under the Market Stabilisation Scheme, said an RBI press release.

Of this, Rs 1,500 crore will be raised through the auction of 91-day T-bills, while Rs 1,000 crore will be raised through the auction of 364-day T-bills.

The RBI also proposes to raise Rs 1,500 crore through the regular auction. Rs 500 crore will be raised through the auction of 91-day T-Bills, while Rs 1,000 crore will be raised through the auction of 364-day T-bills.

The auction will be conducted using the Multiple Price Auction method.

Tenders should be submitted on October 11. Successful bidders have to make payment on October 14.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Forex reserves up $42 m

LIC Housing Fin may rework plans on raising resources

J&K Bank to work on Sunday in quake-hit areas

ICRA to develop credit risk-rating model for United Bank of India

European Central Bank likely to raise interest rate by 25 basis points

Interest rates may harden, say bankers

RBI proposes to raise Rs 2,500 cr under MSS