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Our Bureau

Mumbai, Jan. 11 The Reserve Bank of India has announced auctions worth Rs 10,500 crore under the Market Stabilisation Scheme as well as the regular auction calendar in the next week.

The central bank will sell (re-issue) the 11.30 per cent-2 year-2010 paper under the Market Stabilisation Scheme for Rs 4,000 crore, through a price-based auction on January 17.

The 91-day Treasury Bills will be auctioned for a notified amount of Rs. 3500 crore, of which Rs 500 crore will be under the regular auction calendar and Rs 3,000 crore will be under MSS.

The 364-day treasury Bills will be sold for a notified amount of Rs 3,000 crore (Rs 1,000 crore under the regular auction calendar and Rs 2,000 crore under MSS).

Both the treasury bills will be auctioned on January 16, using the ‘multiple price auction’ method.

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