India, July 22 -- The Reserve Bank of India has announced the auction of 91-day Government of India Treasury Bills for notified amount of Rs 7,000 crore.

The auction will be conducted on July 24, 2019 using "Multiple Price Auction" method. The competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10.30 a.m. and 12.00 noon on Wednesday, July 24, 2019. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m.

Results will be announced on the same day. Payment by successful bidders will be on Thursday, July 25, 2019.

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