RBI Announces Auction of Government Treasury Bills For Rs 24000 Crore

Reserve Bank of India announces the auction of Government of India Treasury Bills for a total of Rs 24000 crore. These include 91 days T bill (Rs 7000 crore), 182 days T bill (Rs 8000 crore) and 364 days T bill (Rs 9000 crore). The sale will be subject to the terms and conditions specified in the General Notification issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India?s Core Banking Solution (E-Kuber) system on Wednesday, November 08, 2023.

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