The Reserve Bank of India (RBI) announced the auction of 91-day Government of India Treasury Bills for notified amount of Rs 5 billion.
RBI also annouced auction of 182-day Treasury Bills for the notified amount of Rs 5 billion.
The auction will be conducted on Dec. 12, 2007 using ``Multiple Price Auction`` method. The allocation to the non-competitive bidders will be outside the notified amount, at the discretion of the Bank.
The sale will be subject to the terms and conditions specified in the General Notification dated Mar. 31, 1998 issued by Government of India and as amended from time to time.
Tenders should be submitted in the prescribed form on Wednesday, Dec. 12, 2007 by 12.30 pm. Results will be announced on the same evening. Payments by successful bidders will be accepted on Friday, Dec. 14, 2007.
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