Image

Buyback of WPI-Linked Inflation Indexed Bond by GoI

by IBNS 05 Feb 2016, 10:54 pm

#Buyback of WPI-Linked Inflation Indexed Bond by GoI

Mumbai, Feb 6 (IBNS) The Government of India (GoI) 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 (face value).

GoI will undertake the repurchase, purely ad hoc in nature, to redeem the government stocks prematurely by utilizing surplus cash balances. 
 
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 February 11, 2016 (Thursday) between 10.30 a.m. and 12.00 noon. 
 
The result of the auctions will be announced on the same day. 

Top Headlines

Related Videos
Video

Taste of America, Indian style

by India Blooms 09 Jul 2015, 03:37 am

Video

Love is the Drug

by Hannah Cornett 01 Jun 2015, 02:00 am

Video

Can India benefit from Kentucky coal?

by ibns 30 Jan 2015, 02:12 am

Video

Bollywood weekly round up

by ians 11 Aug 2014, 01:44 am

Related Photos
Rathayatra 2025: Glimpses of the preparation in north Kolkata's Tarak Pramanik Bari

Rathayatra 2025: Glimpses of the preparation in north Kolkata's Tarak Pramanik Bari

by Trans World Features 26 Jun 2025, 12:39 pm

In images : Minister Kiren Rijiju wishes Shilpa Shetty on her birthday

In images : Minister Kiren Rijiju wishes Shilpa Shetty on her birthday

by India Blooms News Service 08 Jun 2025, 10:40 pm

In Images: PM Modi addresses rally in West Bengal in his four-state visit tour

In Images: PM Modi addresses rally in West Bengal in his four-state visit tour

by Trans World Features 29 May 2025, 10:45 am