<h1>India to Repurchase 1.44% Inflation Indexed Government Stock-2023 via Reverse Auction for Rs. 6,500 Crore on Jan 14.</h1> The Government of India has announced a reverse auction to repurchase 1.44% Inflation Indexed Government Stock-2023 for Rs. 6,500 crore. This premature redemption of government stocks, using surplus cash balances, is ad hoc. The auction will follow a price-based, multiple price method, with bids submitted electronically via the Reserve Bank of India's E-Kuber system on January 14, 2016, between 10:30 a.m. and 12:00 noon. Auction results will be announced the same day.