The Reserve Bank of India on Monday said it would auction four dated Government of India securities for Rs 15,000 crore on November 17, 2017. “The auction will be conducted using multiple price method,” RBI said in a notification. Subject to the limit of Rs 15000 crore, being total notified amount, GoI will have the option to retain additional subscription up to Rs 1000 crore against any of the above security.
Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on November 17, 2017. The non-competitive bids should be submitted between 10.30a.m. and 11.30a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon. The result of the auctions will be announced on November 17, 2017, it added.