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of <h1>India to Re-Issue Rs. 15,000 Crore in Government Stocks via Auction on August 4, 2017.</h1> The Government of India announced the re-issue of four government stocks through a price-based auction, totaling Rs. 15,000 crore. The stocks include 6.84% Government Stock 2022, 6.79% Government Stock 2029, 6.57% Government Stock 2033, and 7.72% Government Stock 2055. The auctions, conducted by the Reserve Bank of India on August 4, 2017, will use a multiple price method. Up to 5% of the stocks will be allocated to eligible individuals and institutions under the Non-Competitive Bidding Facility. Bids must be submitted electronically via the RBI Core Banking Solution system, with results announced on the same day.
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