The Reserve Bank of India on Friday said it will auction 91-day Government of India Treasury Bills for notified amount of Rs 9,000 crore on August 26.
"The auction will be conducted on August 26, 2015 using "Multiple Price Auction" method," reads a RBI notification.
The competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10.30 a.m. and 12.00 noon on Wednesday, August 26, 2015. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. Results will be announced on the same day.
Payments by successful bidders will be on Thursday, August 27, 2015, it added.