Financial Daily from THE HINDU group of publications
Sunday, Oct 02, 2005
Financial Daily from THE HINDU group of publications Sunday, Oct 02, 2005 |
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Money & Banking
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Short Term Instruments RBI plans to raise Rs 2,500 cr under MSS Our Bureau
Mumbai , Oct. 1 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 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. The RBI also proposes to raise Rs 1,000 crore through the regular auction. Of this, Rs 500 crore each would be raised through the auction of 91-day and 182-day T-bills. The auction will be conducted using `Multiple Price Auction' method. Tenders should be submitted on October 5. Successful bidders will have to make payment on October 7.
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