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Home / Questions / Q 357391
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H.P.Dubey

H.P.Dubey

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What is “Cash Management Bills” issued by The Government of India, in consultation with the RBI

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  1. eAnswers Team

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    Added an answer on August 26, 2018 at 9:13 am

    On 23 August 2013 the Reserve Bank of India conducted the auction of two 48-days for the Cash Management Bills (CMS). The auction will be made for 22000 crore and it will be made under the “Multiple Price Auction” method. The CMS allows the Central Banks of India to meet the temporary cash flow mismatches of the Government of India.

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