RBI to auction government securities worth Rs31,000cr tomorrow

The Government of India has announced the sale (re-issue) of Government Stock through auctions scheduled for tomorrow.

The underwriting auction for the sale of GSecs is aggregating for Rs31,000cr.

The underwriting auction will be conducted through multiple price-based methods on August 13, 2021 (Friday). PDs may submit their bids for ACU auction electronically through the Core Banking Solution (E-Kuber) System between 09:00 A.M. and 09:30 A.M. on the date of underwriting auction.

The underwriting commission will be credited to the current account of the respective PDs with RBI on the date of the issue of securities.