The Reserve Bank of India (RBI) has announced the auction of 91-day Government of India Treasury Bills for notified amount of Rs 80 billion. The auction will be conducted on Feb. 4, 2015 using multiple price auction method.

The allocation to the non-competitive bidders will be outside the notified amount at the discretion of the Bank.

RBI injected Rs 118.51 billion in the banking system via 3-days repo on Jan. 30, 2015. At the auction conducted under liquidity adjustment facility, the central bank received 29 bids for 3-days repo, which were accepted. These repos are traded at a fixed rate of 7.75%.