![]() Financial Daily from THE HINDU group of publications Sunday, Sep 04, 2005 |
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Money & Banking
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Short Term Instruments RBI proposes to raise Rs 2,500 cr under MSS Our Bureau
Mumbai , Sept. 3 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, while Rs 1,000 crore will be raised through the auction of 182-day T-bills. The RBI also proposes to raise Rs 1,000 crore through regular auction Rs 500 crore each through the auction of 91-day T-bills and 182-day T-bills. The auction will be conducted using "Multiple Price Auction" method. Tenders should be submitted on September 6. Successful bidders will have to make payment on September 9.
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