Our Bureau

Mumbai, Aug. 19

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 will be raised through the auction of 91-day T-bills, while Rs 1,000 crore will be raised through the auction of 182-day T-bills.

The RBI also proposes to raise Rs 1,000 crore through the regular auction. Through the auction of 91-day T-bills and 182-day T-bills, Rs 500 crore each will be raised.

The auction will be conducted using the Multiple Price Auction method.

Tenders should be submitted on August 24 before 12 p.m. Successful bidders have to make payment on August 26.

(This article was published in the Business Line print edition dated August 20, 2005)
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