The Reserve Bank of India on Monday announced the sale (re-issue) of four dated government securities for Rs 14,000 crore on August 28, 2015.
Auctions will be conducted using multiple price method, RBI said in a notification.
Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on August 28, 2015. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon.
The result of the auctions will be announced on August 29, 2015.