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Our Bureau

Mumbai, July 28

The Reserve Bank of India has announced that the auction for 91-day and 364-day treasury bills would be held on August 2, using "multiple price auction". For the 181-day T-bills, the notified amount is Rs 2000 crore, of which Rs 1500 crore is under the market stabilisation scheme (MSS). The allocation to the non-competitive bidders will be outside the notified amount at the discretion of the bank. For the 364-day treasury bill auction, the notified amount is Rs 2000 crore, out of which Rs 1000 crore is under theMSS. The allocation to the non-competitive bidders will be outside the notified amount at the discretion of the bank.

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