The Hindu Business Line : RBI to raise Rs 2,500 cr through T-Bill auctions

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.

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.

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 November 9. Successful bidders will have to make payment on November 11.

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