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of <h1>India to Re-Issue Government Stocks Worth Rs. 16,000 Crore via Auction on May 29, 2015.</h1> The Government of India announced the re-issue of government stocks through a price-based auction, including 7.68% Government Stock 2023 for Rs. 3,000 crore, 7.88% Government Stock 2030 for Rs. 7,000 crore, 7.95% Government Stock 2032 for Rs. 3,000 crore, and 8.17% Government Stock 2044 for Rs. 3,000 crore. The Reserve Bank of India will conduct the auctions on May 29, 2015, using a multiple price method. Up to 5% of the stocks will be allocated to eligible individuals and institutions under a non-competitive bidding scheme. Bids must be submitted electronically via the RBI Core Banking Solution system.
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