RBI to Auction 19000 Crore in Treasury Bills on May 28 Across Three Tenures

New Delhi The Reserve Bank of India has announced an upcoming auction of Government of India Treasury Bills worth 19000 crore scheduled for May 28. This auction is part of the central bank's ongoing efforts to manage short term liquidity and funding requirements for the government.

The auction will include Treasury Bills in three tenures 91 days 182 days and 364 days. The total notified amount of 19000 crore will be divided across these three maturities.

According to the RBI press release dated May 23 the auction will be conducted using a multiple price based method. Investors can submit competitive bids electronically through the central bank E Kuber system.

The results of the auction will be announced on the same day May 28. Successful bidders will be required to make payments on May 29 which is the settlement date.

This announcement follows the recent Government Securities auction held on May 23 during which the RBI successfully raised 27000 crore in two tranches highlighting strong investor demand for Indian sovereign debt instruments.

The Treasury Bills auction reflects the RBI regular strategy to meet the short term financial needs of the government while also managing liquidity in the financial system.