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Mumbai April 27 The Reserve Bank of India has further revised the ceiling for outstandings under the Market Stabilisation Scheme (MSS) for 2007-08 to Rs 1,10,000 crore.

The threshold at which the ceiling will be reviewed in future will now be Rs 95,000 crore, said an RBI release.

The MSS outstandings currently stand at Rs 78,000 crore.

"The RBI, under the existing arrangements, subject to variations in liquidity, announces every Friday the auctions under the MSS, covering the Treasury bills and dated securities, if any, for the succeeding week. These arrangements will continue until further notice," the RBI release added.

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