The Government of India has announced the repurchase of its Securities through reverse auction for an aggregate amount of ₹ 20,000 crore (face value). The security-wise details of the repurchase are given as under:

S. No.	Nomenclature	Date of maturity
1	8.07 % Government Stock 2017	15-Jan-2017
2	7.49 % Government Stock 2017 (con)	16-Apr-2017
3	8.07 % Government Stock 2017 - Jul	3-Jul-2017
4	7.99 % Government Stock 2017	9-Jul-2017
5	7.46 % Government Stock 2017	28-Aug-2017

The repurchase by the Government of India will be undertaken to redeem prematurely the Government Stocks by utilizing surplus cash balances. The above repurchase of the Government Stocks is purely ad hoc in nature.

Auction for securities will be on price-based auction format. The auctions will be conducted using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on October 24, 2016 (Monday) between 10.30 a.m. and 12.00 noon. The result of the auctions will be announced on the same day.

Repurchase of government securities via reverse auction using price-based multiple-price bids and electronic E-Kuber submission. Repurchase of Government securities announced through a reverse auction to purchase specified Government Stocks for an aggregate face value as an ad hoc premature redemption using surplus cash balances. Auctions will follow a price-based multiple-price format with electronic bids submitted via the Reserve Bank of India's E-Kuber system within the prescribed bidding window and results announced the same day.