The Hindu Business Line : RBI to raise Rs 2,500 cr thru T-bills auction

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 would be raised through the auction of 91-day T-bills, while Rs 1,000 crore through the auction of 364-day T-bills.

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

The auction will be conducted using `Multiple Price Auction' method.

Tenders should be submitted on October 26. Successful bidders will have to make payment on October 28.

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