Of this amount, Rs1,500 crore would be raised through the auction of 91-day T-bills, while Rs1,000 crore would be through the 182-day T-bills auction.

The RBI also proposes to raise Rs1,000 crore through regular auction. While Rs500 crore would be raised through an auction of 91-day T-bills, Rs500 crore will be raised through an auction of 182-day T-bills.

The auction will be conducted using `Multiple Price Auction' method.

Tenders should be submitted on November 2. Successful bidders will have to make payment on November 4.