Market stabilisation scheme - RBI to issue bonds, T-bills for Rs 35,500 cr.

(From Business Line)

Mumbai, March 25 - THE Reserve Bank of India will issue bonds and treasury bills for Rs 35,500 crore under the market stabilisation scheme in the first quarter of the next fiscal year starting in April. This is in addition to the Rs 59,000 crore that the Central Government will raise in the first half of the coming fiscal.

RBI today released the borrowing calendar for the initial part of the coming fiscal.

The Government is to raise a total of Rs 60,000 crore through the market stabilisation scheme during the next fiscal year. These bonds will have all the characteristics of g-secs including that of SLR status. These funds when …