The Hindu Business Line : RBI plans to raise Rs 4,500 cr thro' T-Bills

THE Reserve Bank of India has proposed to raise Rs 4,500 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 3,500 crore would be raised through the auction of 91-day T-bills, while Rs 1,000 crore would be raised through the auction of 182-day T-bills.

It also proposes to raise Rs 1,000 crore through the regular auction. The auction will be conducted using `Multiple Price Auction' method.

Tenders should be submitted on September 21.

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