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RBI proposes to raise Rs 2,500 cr under MSS

Our Bureau

Mumbai , Sept. 3

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 regular auction — Rs 500 crore each through the auction of 91-day T-bills and 182-day T-bills.

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

Tenders should be submitted on September 6. Successful bidders will have to make payment on September 9.

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RBI proposes to raise Rs 2,500 cr under MSS


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