India to sell 220 bln rupees of cash management bills on Aug 19-20

Last Updated: Fri, Aug 16, 2013 14:10 hrs

MUMBAI, Aug 16 (Reuters) - India will sell 110 billion rupees ($1.8 billion) of 28-day government cash management bills on Aug. 19, and 110 billion rupees of 27-day cash management bills on Aug. 20, the Reserve Bank of India said in a statement on Friday.

The sales are part of weekly short-term bill sales announced by the central bank last week to drain cash. ($1=61.7 rupees) (Reporting by Shamik Paul; Editing by Rafael Nam)

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