RBI to auction T-Bills
RBI to auction T-Bills The Reserve Bank of India (RBI) announced the auction of 91-day government of India treasury bills for notified amount of Rs 35 billion (Rs 5 billion under the regular auction calendar and Rs 30 billion under the market stabilisation scheme (MSS). The RBI also announced the auction of 364-day government of India treasury bills for notified amount of Rs 30 billion (Rs 10 billion under the regular auction calendar and Rs 20 billion under the market stabilisation scheme) (MSS). The allocation to the non-competitive bidders will be outside the notified amount at the discretion of the bank. The acution of both 91-day treasury bills and 364-day treasury bills will be conducted on Sep. 26 , 2007 using `Multiple Price Auction` method. Tenders should be submitted on Wednesday, Sep. 26, 2007, by 12.30 p.m. Results of both the treasury bills will be announced on the same evening with payments being paid to successful bidders on Friday, Sep. 28, 2007.
