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Banking And Finance | October 24, 2013
#39735

RBI to auction inflation indexed bonds on Oct 30

The Reserve Bank of India has announced the sale 1.44 per cent inflation indexed 'government stock-2023' for a notified amount of Rs 10 billion through price based auction, say media reports. The auction will be conducted by the Reserve Bank of India on October 30.    RBI said the auction will be conducted using uniform price method. Up to 20 per cent of the notified amount of the sale of the stocks will be allotted to eligible individuals and institutions as per the scheme for non-competitive bidding facility in the auction of government securities.

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