Financial Daily from THE HINDU group of publications
Sunday, May 29, 2005
Financial Daily from THE HINDU group of publications Sunday, May 29, 2005 |
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Money & Banking
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Short Term Instruments RBI plans to raise Rs 2,500 cr via T-bills Our Bureau
MUMBAI: The Reserve Bank of India has proposed to raise Rs 2,500 crore through the auction of 91-day and 182-day Treasury Bills under the Market Stabilisation Scheme, said an RBI press release. Of this, Rs 1,500 crore will be raised through the auction of 91-day T-bills, and the rest will be raised through 182-day T-bills. The auction will be conducted using the multiple price auction method. Tenders should be submitted on June 1 before 12 noon. Successful bidders will have to make payment on June 3, the release said.
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