Financial Daily from THE HINDU group of publications
Sunday, Jan 30, 2005
Financial Daily from THE HINDU group of publications Sunday, Jan 30, 2005 |
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Money & Banking
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Short Term Instruments T-bill auction to be held on Wednesday Our Bureau
Mumbai , Jan. 29 THE Reserve Bank of India has announced the auction of 91-day Government of India treasury bills for a notified amount of Rs 2,000 crore, to be conducted on February 2. Of this amount, Rs 500 crore will be auctioned under the regular auction calendar and Rs 1,500 crore under the Market Stablisation Scheme (MSS), said a press release. The auction will be conducted using the `Multiple Price Auction' method. The allocation to non-competitive bidders will be outside the notified amount at the discretion of RBI. The central bank has also announced the auction of 364-day Government of India treasury bills for a notified amount of Rs 2,000 crore, to be conducted on the same day. Of this amount, Rs 1,000 crore will be auctioned under the regular auction calendar and Rs 1,000 crore under the MSS. The auction will also be conducted using Multiple Price Auction method, The allocation to non-competitive bidders will be outside the notified amount.
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