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Mumbai, Aug. 10 The Reserve Bank of India has announced the auction of “5.48 per cent Government Stock 2009” for Rs 4,000 crore (nominal) to be sold (re-issued) through a price-based auction using multiple price method on August 16.

Up to 5 per cent of the notified amount of the sale of the stock will be allotted to eligible individuals and institutions as per the scheme for non-competitive bidding facility in the auction of Government securities, said a press release from RBI.

The central bank recently enhanced the ceiling on market stabilisation scheme to Rs 1,50,000 crore from Rs 1,10,000 crore to suck out additional liquidity from the system.

The threshold at which the ceiling will be reviewed in the future by the RBI is Rs 1,35,000 crore.

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