Date:31/10/2005 URL: http://www.thehindubusinessline.com/2005/10/31/stories/2005103100341200.htm

Back RBI to raise Rs 2,500 cr under MSS

Our Bureau

Mumbai , Oct. 30

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 a press release.

Of this, Rs 1,500 crore would be raised through the auction of 91-day T-bills, while Rs 1,000 crore would be through the 182-day T-bills auction.

The RBI also proposes to raise Rs 1,000 crore through the regular auction. Rs 500 crore would be raised through the auction of 91-day T-bills and Rs 500 crore through the auction of 182-day T-bills.

The auction will be conducted using `Multiple Price Auction' method.

Tenders should be submitted on November 2. Successful bidders will have to make payment on November 4.