31 october 2005

rbi to raise rs.2,500 crore under mss
mumbai: the reserve bank of india proposes to raise rs2,500 crore through the auction of 91-day and 182-day treasury bills under the market stabilisation scheme, a press release from the bank has said.

of this amount, rs1,500 crore would be raised through the auction of 91-day t-bills, while rs1,000 crore would be through the 182-day t-bills auction.

the rbi also proposes to raise rs1,000 crore through regular auction. while rs500 crore would be raised through an auction of 91-day t-bills, rs500 crore will be raised through an auction of 182-day t-bills.

the auction will be conducted using `multiple price auction' method.