Cash Management Bills

RBI to auction bills worth Rs 1 lakh cr tomorrow

The RBI today said it will auction 35-days and 49-days Cash Management Bills worth Rs 1,00,000 crore on January 13 to mop up extra liquidity from the system post demonetisation.

RBI auctions treasury bill worth Rs 60,000 cr under MSS

The central bank will also conduct an auction of 35 days Cash Management Bills under the MSS for Rs 60,000 crore tomorrow.

INR rescue measures to take toll on India's fiscal deficit

The measures taken by the government to save the rupee is likely to throw its fiscal out of whack. North Block sources say this may impact the fiscal deficit by over Rs 18,000 crore. CNBC-TV18‘s

Rupee gains, bonds fall on RBI cash-draining steps

RBI will auction Rs 22000 crore of government cash management bills every week. The first sale - a tranche of Rs 11000 crore - takes place later in the day, with another Rs 11000 crore scheduled for Tuesday.

No risk to long term, base rates; CD, CP rates to rise: SBI

Commercial paper and the certificates of deposit market pricing, which were earlier in the range of 8-9 percent, would certainly move beyond the cut-off in the RBI auction of short-term paper

RBI takes further step to stem rupee's slide against USD

As expected the Reserve Bank of India (RBI) further curbed the availibility of funds (liquidity) in the markets to stem the rupee's free fall against the US dollar. The central bank will now auction the government of India cash management bills (CMBs) to raise Rs 22,000 crore on every Monday.