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 182-day government of India treasury bills for notified amount of Rs 25 billion (Rs 5 billion under the regular auction calendar and Rs 20 billion under the market stabilisation scheme) (MSS). The bank specified that 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 182-day treasury bills will be conducted on Oct. 3 , 2007 using `Multiple Price Auction` method. Tenders should be submitted on Wednesday, Oct. 3, 2007, by 12.30 p.m. Results of both the treasury bills wil l be announced on the same evening while payments from successful bidders will be accepted on Friday, Oct. 5, 2007.
