Financial Daily from THE HINDU group of publications
Sunday, Oct 24, 2004
Financial Daily from THE HINDU group of publications Sunday, Oct 24, 2004 |
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Money & Banking
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Short Term Instruments T-bill auctions on Wednesday Our Bureau
Mumbai , Oct. 23 THE Reserve Bank of India has announced the auctions of the Government of India, 91-day and 364-day treasury bills, for notified amounts of Rs 2,000 crore each, to be conducted on Wednesday. Both auctions will be conducted using the multiple-price auction method. In the auction of the 91-day treasury bill, Rs 500 crore will be auctioned under the regular auction calendar and Rs 1,500 crore under the Market Stabilisation Scheme (MSS), said a press release. Under the 364-day treasury bills auction, Rs 1,000 crore will be auctioned under the regular auction calendar and Rs 1,000 crore under MSS. The allocation to non-competitive bidders will be outside the notified amount, at the discretion of the RBI.
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