Govt to raise Rs 83,000cr in H1FY06

The government is planning to raise Rs 83,000 crore from the market in the first half of the next fiscal, according to the issuance calender for securities issued by the RBI today.

"All the auctions covered by the calendar will have the facility of non-competitive bidding scheme under which 5% of the notified amount will be reserved for specified retail investors. Variable rate bonds will account for about 20% of the total issuance depending upon market requirement," an official release by RBI said today.

The RBI will issue bonds worth Rs 32,500 under the market stabilisation scheme (MSS) in the first quarter of the next fiscal, the release said.

While Rs 24,730 crore will be roll-overs, net issuance will be Rs 7,770 crore under MSS, the release added.