Date:10/10/2004 URL: http://www.thehindubusinessline.com/2004/10/10/stories/2004101001760300.htm

Back T-bills auction on Tuesday

Our Bureau

Mumbai , Oct. 9

THE Government of India will auction 91-day and 364-day treasury bills worth Rs 2,000 crore each on October 12, said a RBI release.

In case of the 91-day t-bills, Rs 1,500 crore of the notified amount will form part of the Market Stabilisation Scheme, while the balance Rs 500 crore will be auctioned under the regular auction calendar, said an RBI press release.

Of the notified amount of Rs 2,000 crore in the 364-day treasury bills, Rs 1,000 crore will be the auctioned under the regular auction calendar while the balance will form part of MSS.

Multiple price auction method will be used to conduct the auction on October 12 and the results will be announced the same evening, said the release. The payment by successful bidders will be on Friday (October 15), the release said.