Date: 30 Nov 2012

The Reserve Bank of India has announced the auction of 182-day Government of India Treasury Bills for notified amount of Rs. 5,000 crore. The auction will be conducted on December 05, 2012 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 No. F.2 (12)-W & M/97 dated 31st March, 1998 issued by Government of India and as amended from time to time.

The competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10.30 a.m. and 12.00 noon on Wednesday, December 05, 2012. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. Results will be announced on the same day. Payments by successful bidders will be on Thursday, November 06, 2012.

Ajit Prasad

Assistant General Manager

Press Release : 2012-2013/912

Short-term Treasury bill auction offered via multiple price method with non-competitive allocation outside the notified amount. Announcement of an auction of 182 day Treasury Bills using the Multiple Price Auction method, with allocation to non competitive bidders made outside the notified amount at the Reserve Bank's discretion; sale subject to the General Notification terms. Competitive bids to be submitted electronically via the Reserve Bank's Core Banking Solution within a prescribed window on the auction date, with a separate earlier window for non competitive bids, same day results announcement, and a scheduled payment date for successful bidders.