Government to repurchase securities through reverse auction for an aggregate amount of 20,000 crore (Face Value)

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..... Government to repurchase securities through reverse auction for an aggregate amount of 20,000 crore (Face Value)
News and Press Release
Dated:- 3-2-2016

The Government of India have anno .....

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..... unced the repurchase of its Securities through reverse auction for an aggregate amount of ₹ 20,000 crore (face value). The security-wise details of the repurchase are given as under: S. No. No .....

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..... menclature Date of maturity 1 7.59% Government Stock 2016 12-Apr-2016 2 10.71% Government Stock 2016 19-Apr-2016 3 7.02% Government Stock 2016 17-Aug-2016 The repurchase by the Governmen .....

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..... t of India will be undertaken to redeem prematurely the Government Stocks by utilizing surplus cash balances. The above repurchase of the Government Stocks is purely ad hoc in nature. Auction for sec .....

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..... urities will be on price-based auction format. The auctions will be conducted using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Co .....

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..... re Banking Solution (E-Kuber) system on February 04, 2016 (Thursday) between 10.30 a.m. and 12.00 noon. The result of the auctions will be announced on the same day
News - Press release - PIB .....

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