Rbi Raises T-Bill Amount Four-Fold

The Reserve Bank of India (RBI) has hiked the notified amount for the weekly 91-day treasury bills auctions four-fold, from Rs 250 crore to Rs 1,000 crore, to suck out excess liquidity from the system.

The hike will be effective for four weekly auctions between December 11 and January 1. The position would be reviewed later, an RBI release said.

The amount for the 364-day treasury bills (Rs 1,000 crore) would remain unchanged, the RBI said. The apex bank