Financial Daily from THE HINDU group of publications
Monday, Oct 31, 2005
Financial Daily from THE HINDU group of publications Monday, Oct 31, 2005 |
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Money & Banking
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Short Term Instruments RBI to raise Rs 2,500 cr under MSS Our Bureau
Mumbai , Oct. 30 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 a 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 through the 182-day T-bills auction. The RBI also proposes to raise Rs 1,000 crore through the regular auction. Rs 500 crore would be raised through the auction of 91-day T-bills and Rs 500 crore through the auction of 182-day T-bills. The auction will be conducted using `Multiple Price Auction' method. Tenders should be submitted on November 2. Successful bidders will have to make payment on November 4.
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