Financial Daily from THE HINDU group of publications
Sunday, Dec 12, 2004
Financial Daily from THE HINDU group of publications Sunday, Dec 12, 2004 |
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Money & Banking
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Short Term Instruments 91-day T-bills auction Our Bureau
Mumbai , Dec. 11 RBI has announced the auction of Rs 2,000-crore 91-day Government of India treasury bills on December 15. Of this amount, Rs 500 crore will be auctioned under the regular auction calendar and Rs 1,500 crore under the Market Stabilisation Scheme (MSS), said a RBI release. The auction will be conducted using the multiple price auction method. The allocation to non-competitive bidders will be outside the notified amount at the discretion of RBI. Results of the auction will be announced on the same evening, while payment by successful bidders will be on December 17.
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