<h1>India to Repurchase Inflation Indexed Government Stock via Reverse Auction on Feb 22, 2016; Total Rs. 3,990.72 Crore.</h1> The Government of India plans to repurchase 1.44% Inflation Indexed Government Stock-2023 through a reverse auction, totaling Rs. 3,990.72 crore in face value. This premature redemption of government stocks will utilize surplus cash balances and is considered 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 February 22, 2016, between 10:30 a.m. and 12:00 noon. The auction results will be announced the same day.