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RBI to auction 365-day T-Bills for Rs 5,000 cr on Sept 30

By Religare
|

The Reserve Bank of India on Friday said it will auction 365-day Government of India Treasury Bills for notified amount of Rs 5,000 crore on September 30, 2015.

"The auction will be conducted on September 30, 2015 using "Multiple Price Auction" method," RBI said in a notification.

The allocation to the non-competitive bidders will be outside the notified amount at the discretion of the Bank. 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, September 30, 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, October 1, 2015, it added.

Story first published: Monday, September 28, 2015, 23:00 [IST]
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