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The Reserve Bank of India on Friday said it will auction a 77-Day Government of India Cash Management Bill worth Rs 30,000 crore on May 30, 2017.
“The auction will be conducted on May 30, 2017 using Multiple Price Auction method, while Settlement Date is May 31, 2017, while Maturity date is August 16, 2017,” said RBI in a notification.
The competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution between 10.30 a.m. and 12.00 noon. The result of the auction will be announced on the same day.
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