Rs.1000 crore under regular auction, Rs.1000 crore under MSS

PRESS RELATIONS DIVISION, Central Office, Post Box 406, Mumbai 400001
Phone: 2266 0502 Fax: 2266 0358, 2270 3279\hindi
e-mail: [email protected]
May 21, 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, May
25, 2005 before 1230 hours. The results will be announced the same evening.
Payment by successful bidders will be on Friday, May 27, 2005.
Ajit Prasad
Press Release: 2004-2005/1224