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India Economy: 
364 Day Treasury Bills Auction
Author: 123jump.com Staff
123jump.com
Last Update: 4:06 AM EST January 29 2005


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The Reserve Bank of India has announced the auction of 364 day Government of India treasury bills for a notified amount of Rs.2000 crore. Of this amount, Rs.1000 crore will be auctioned under the regular auction calendar and Rs.1000 crore under the Market Stablisation Scheme (MSS). The auction will be conducted using ""Multiple Price Auction"" method.

 
January 29, 2005

364 Day Treasury Bills Auction: Rs.1000 crore under regular auction, Rs.1000 crore under MSS

The Reserve Bank of India has announced the auction of 364 day Government of India treasury bills for a notified amount of Rs.2000 crore. Of this amount, Rs.1000 crore will be auctioned under the regular auction calendar and Rs.1000 crore under the Market Stablisation Scheme (MSS). The auction will be conducted using ""Multiple Price Auction"" method. The allocation to noncompetitive bidders will be outside the notified amount, at the discretion of the Reserve Bank. The sale will be subject to the terms and conditions specified in the General Notification No.F.2(12)-W&M/97 dated 31 March 1998 issued by Government of India and as amended from time to time.

Tenders should be submitted in the prescribed form on Wednesday, February 2, 2005 before 1230 hours. The results will be announced the same evening. Payment by successful bidders will be on Friday, Fenruary 4, 2005.

P.V.Sadanandan
Manager

Press Release: 2004-2005/792
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