The Hindu Business Line : RBI proposes to raise Rs 2500 cr under MSS

THE Reserve Bank of India has proposed to raise Rs 2,500 crore through the auction of 91-day and 364-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, while Rs 1,000 crore will be raised through the auction of 364-day T-bills.

The RBI also proposes to raise Rs 1,500 crore through the regular auction. Of this, Rs 500 crore will be raised through the auction of 91-day T-bills, while Rs 1,000 crore will be raised through the auction of 364-day T-bills.

The auction will be conducted using the multiple price auction method.

Tenders should be submitted on June 8 before 12.30 p.m. Successful bidders have to make payment on June 10.

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RBI proposes to raise Rs 2500 cr under MSS