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Mumbai, Nov. 10 The Reserve Bank of India (RBI) on Monday announced that it will repurchase the ‘6.65 % Government Stock 2009’ for Rs.5,000 crore (nominal) and ‘5.87% GS 2010’ for Rs.5,000 crore (nominal).

The central bank will repurchase the Government stocks via price-based auctions using the multiple price method on November 12, 2008.

Simultaneously, the Government of India also announced the sale (re-issue) of ‘7.56 per cent Government Stock 2014’ and ‘7.95 per cent Government Stock 2032’ for a notified amounts of Rs 6,000 crore and Rs 4,000 crore respectively.

Both the Government Stocks will be sold through price based auctions using multiple price method. The auctions will be conducted by the Reserve Bank of India on November 14.

More Stories on : Govt Bonds

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