Repurchase of Government Securities through Reverse Auction

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..... Repurchase of Government Securities through Reverse Auction
News and Press Release
Dated:- 15-2-2017

The Government of India has announced the repurchase of its Securities through revers .....

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..... e auction for an aggregate amount of ₹ 20,000 crore (face value). The security-wise details of the repurchase are given as under: S. No. Nomenclature Date of maturity 1. 7.49% GS 2017 (con .....

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..... v) 16-Apr-2017 2. 8.07% GS 2017-Jul 03-Jul-2017 3. 7.99% GS 2017 09-Jul-2017 4. 7.46% GS 2017 28-Aug-2017 The repurchase by the Government of India will be undertaken to redeem prematurely .....

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..... the Government Stocks by utilizing surplus cash balances. The above repurchase of the Government Stocks is purely ad hoc in nature. Auction for securities will be on price-based auction format. The a .....

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..... uctions will be conducted using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on February 16, .....

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..... 2017 (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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