India recently extended financial support to the Maldives:
India recently extended financial support to the Maldives by renewing a USD 50 million Treasury Bill for another year through the State Bank of India (SBI).A T-Bill is a short-term debt instrument issued by the Indian government through the Reserve Bank of India (RBI).The primary objective of a T-Bill is to meet the short-term financial requirements of the central government.
RBI also issues such treasury bills under its open market operations (OMO) strategy to regulate its inflation level and spending/borrowing habits of individuals. For investors, they present one of the safest investments with the highest liquidity among government securities.T-bills are issued through an auction conducted by the RBI at regular intervals. The auctions are held at RBI’s electronic platform called E-Kuber.
