<h1>India to Repurchase Rs. 15,000 Crore Government Securities via Reverse Auction on February 22, 2016.</h1> The Government of India announced a reverse auction to repurchase government securities totaling Rs. 15,000 crore in face value. The securities involved include the 7.59% Government Stock maturing on April 12, 2016, the 10.71% Government Stock maturing on April 19, 2016, and the 7.02% Government Stock maturing on August 17, 2016. This repurchase aims to redeem these stocks prematurely using surplus cash balances and is ad hoc in nature. The auction will follow a price-based, multiple price method, with electronic bids submitted via the Reserve Bank of India's E-Kuber system on February 22, 2016. Auction results will be announced the same day.