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Mumbai, Nov. 3

The Reserve Bank of India (RBI) on Monday said it will repurchase dated securities — the 6.65 per cent Government Stock (GS) 2009 and the 5.48 per cent GS 2009 — on November 6 under the Market Stabilisation Scheme amounting to Rs 10,000 crore even as the Government simultaneously announced the sale (re-issue) of two dated securities — the 8.24 per cent GS 2018 and the 8.28 per cent GS 2032 — on November 7 to mop up Rs 10,000 crore. According to Mr S . Srinivasa Raghavan, Head of Treasury, IDBI Gilts, the repurchase of MSS bonds first is to ensure a smooth sailing for the auction of Government securities.

— Our Bureau

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