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of <h1>India to Re-Issue Government Stocks via Auction on August 10, Totaling Rs. 12,000 Crore, Managed by RBI.</h1> The Government of India announced the re-issue of government stocks through a price-based auction, totaling Rs. 12,000 crore. The stocks include 7.37% maturing in 2023, 7.17% in 2028, 7.40% in 2035, and 7.72% in 2055. The Reserve Bank of India will conduct the auctions on August 10, 2018, in Mumbai. The government may retain an additional Rs. 1,000 crore for any security. Up to 5% of the stocks will be allocated to eligible individuals and institutions. Bids must be submitted electronically, with results announced on the same day and payments due by August 13, 2018.
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