Friday, Mar 29 2024 | Time 15:55 Hrs(IST)
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Business Economy


Buyback of WPI-Linked Inflation Indexed Bond

New Delhi, Jan 11 (UNI) The Union Government has announced the repurchase of “1.44 per cent Inflation Indexed Government Stock-2023” through reverse auction for an aggregate amount of Rs 6.500
crore.
An official statement said here the repurchase by the government will be undertaken to redeem the government stocks prematurely by utilizing surplus cash balances.
"The repurchase of the Government Stocks is purely ad hoc in nature

The statement said the Auction for securities will be on price based auction format.
"The auctions 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 January 14, 2016 between 1030 hrs and 1200 hrs. The result of the auctions will be announced on the same day."
UNI GS SW AE 1911
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