Financial Daily from THE HINDU group of publications
Sunday, Jun 19, 2005
Financial Daily from THE HINDU group of publications Sunday, Jun 19, 2005 |
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Money & Banking
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Govt Bonds RBI plans to raise Rs 2,500 cr under MSS Our Bureau
Mumbai , June 19 THE Reserve Bank of India has proposed to raise Rs 2,500 crore through the auction of 91-day and 364-day treasury bills (T-bills) under the Market Stabilisation Scheme (MSS), 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. It 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 22 before noon. Successful bidders will have to make the payment on June 24.
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