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RBI announces auction of a 33-Day Government of India Cash Management Bill.

ENPNewswire-August 12, 2019--RBI announces auction of a 33-Day Government of India Cash Management Bill

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Release date- 09082019 - The Reserve Bank of India announces the auction of a 33-Day Government of India Cash Management Bill as per the following details.

Auction Date Settlement Date Maturity date Notified Amount

August 13, 2019 August 14, 2019 September 16, 2019 ? 25,000 crore

The auction will be conducted using 'Multiple Price Auction' method. The competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) between 10.30 a.m. and 12.00 noon. The result of the auction will be announced on the same day.

Cash Management Bills will have the generic character of Treasury Bills and their sale will be subject to the terms and conditions specified in the General Notification No. F.No.4(2)-W&M/2018 dated March 27, 2018 issued by the Government of India, as amended from time to time.

Ajit Prasad

Director (Communications)

[Editorial queries for this story should be sent to newswire@enpublishing.co.uk]

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Publication:ENP Newswire
Geographic Code:9INDI
Date:Aug 12, 2019
Words:196
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