Reserve Bank of India to auction 182-day, 91-day T-Bills
Published June 22nd, 2007
The Reserve Bank of India (RBI) decided to conduct 182-day, 91-day T-bills auction in next week.
At the `Multiple Price Auction`, the RBI will auction 91-day treasury bills for a notified amount of Rs 50 billion on Jun. 25.
Similarly, 182-day T-bills will be auctioned for Rs 25 billion under the regular auction calendar on Jun. 27, and on the same day it will auction same tenure of bills to raise Rs 35 billion under the regular auction calendar.
The bank specified that the allocation to the non-competitive bidders will be outside the notified amount at the discretion of the bank.
The result of the both auctions will be announced on auction days while payments from the success bidders will be accepted after two days of auctions.
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