The Reserve Bank of India has announced the auction of 91 day Government of India treasury bills for a notified amount of Rs.2000 crore. Of this amount, Rs.500 crore will be auctioned under the regular auction calendar and Rs.1500 crore under the Market Stablisation Scheme (MSS). The auction will be conducted using "Multiple Price Auction" method. The allocation to non-competitive 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, August 25, 2004 before 1230 hours. The results will be announced the same evening. Payment by successful bidders will be on Friday, August 27, 2004 P.V.Sadanandan
Manager Press Release : 2004-2005/206 |