Central Bank auctions Treasury Bills under MSS

December 6, 2016

Reserve Bank of India today auctioned 35-days Treasury Bills worth Rs. 60,000 Crores under the aegis of Market Stabilization Scheme as a step to clean the extra liquidity from the system. The bids were submitted via an electronic format on the Reserve Bank of India Core Banking Solution System...

RBI revises Market Stabilisation Scheme (MSS), raises ceiling to Rs. 6L crore

December 3, 2016

In a major move to deal with extra liquidity created in the system due to the demonetisation drive, the Central government as per the directions of the Reserve Bank of India raised the ceiling on Market Stabilization Scheme from Rs. 30,000 Crores to Rs. 6 Lakh Crores. The Banks...