RBI to sell 60 bln rupees of cash management bills on July 25

MUMBAI (Reuters) - The Reserve Bank of India will raise 60 billion rupees in an auction of 28-day and 56-day cash management bills on July 25.

The auction of the bills, worth 30 billion rupees each, will be through the multiple price method, the RBI said in a release on Tuesday.

(Reporting by Neha Dasgupta; Editing by John Stonestreet)