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of <h1>India to Re-Issue Four Government Stocks via Auction; Reserve Bank Conducts on April 22, 2016.</h1> The Government of India announced the re-issue of four government stocks through price-based auctions. These include 7.68% Government Stock 2023 for Rs. 3,000 crore, 7.59% Government Stock 2026 for Rs. 8,000 crore, 7.73% Government Stock 2034 for Rs. 2,000 crore, and 8.13% Government Stock 2045 for Rs. 2,000 crore. The Reserve Bank of India will conduct the auctions on April 22, 2016, using a multiple price method. Up to 5% of the stocks will be reserved for eligible individuals and institutions. Bids must be submitted electronically via the RBI's E-Kuber system, with results announced the same day and payments due by April 25, 2016.
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