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

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Reuters MUMBAI

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)

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First Published: Jul 23 2013 | 7:44 PM IST

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