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RBI announces auction of a 80-Day Government of India Cash Management Bill
June, 29th 2017

The Reserve Bank of India announces the auction of a 80-Day Government of India Cash Management Bill as per the following details.

Auction Date Settlement Date Maturity date Notified Amount
June 29, 2017 June 30, 2017 September 18, 2017 30,000 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. F4(8)-W&M/2015 dated May 26, 2016 issued by the Government of India, as amended from time to time.

Ajit Prasad
Assistant Adviser

Press Release: 2016-2017/3503

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