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Mumbai, Sept. 7 Thee Reserve Bank of India has announced the auction of 91-day and 364-day Treasury Bills for a notified amount of Rs 6,500 crore of which Rs 5,000 crore is the Market Stabilisation Scheme (MSS) amount.

The auction will be conducted on September 12 using ‘Multiple Price Auction’ method, said a statement from the RBI. The allocation to the non-competitive bidders will be outside the notified amount, at the discretion of the bank.

(This article was published in the Business Line print edition dated September 8, 2007)
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