MSS (Market Stabilisation Scheme) securities are issued with the objective of providing the Reserve Bank of India with a stock of securities. With these securities, the RBI can intervene in the market for managing liquidity.
The MSS scheme was launched in April 2004 to strengthen the RBI’s ability to conduct exchange rate and monetary
The bills/bonds issued under MSS have all the attributes of the existing treasury bills and dated securities. These securities will be issued by way of auctions to be conducted by the RBI. The timing of issuance, amount and tenure of such securities will be decided by the RBI.