"The result will be announced on the same day and payment by successful bidders will have to be made on August 24, 2020 (Monday)," RBI said
NSE introduced trading in treasury bills (T-bills) and state development loans (SDLs) in its capital market segment
The RBI received bids of Rs 3.45 trillion, or more than four times the amount on offer.
Mutual funds had requested regulator to allow higher limits for G-secs, T-bills
Fiscal year 2019 saw a widening in the deficit to $984 billion, the largest budget deficit in seven years
MF schemes deployed Rs 1.8 trillion in G-Secs and T-bills in August, which is 52 per cent higher than in last August
In 1994, the government had decided to stop borrowing via what, since 1955, had been known as ad hoc treasury bills