The Hindu Business Line : T- Bill auctions

THE Reserve Bank of India has proposed to raise Rs 2,500 crore through the auction of the 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.

RBI also proposes to raise Rs 1,000 crore through the regular auction, Rs 500 crore each ti be raised in the auctions of the 91-day T-Bills and 182-day-T bills respectively.

The auctions will be conducted using `Multiple Price Auction' method.

Tenders should be submitted on October 19. Successful bidders will have to make payment on October 21.

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