<h1>India to Auction Rs. 12,000 Crore Government Stocks, Including New 10-Year Tenor, on January 11, 2019.</h1> The Government of India announced the auction of various government stocks, totaling Rs. 12,000 crore, with an option to retain an additional Rs. 1,000 crore. The stocks include 7.37% Government Stock, 2023, a new 10-year tenor stock, 8.24% Government Stock, 2033, and 8.17% Government Stock, 2044. The Reserve Bank of India will conduct the auctions using a multiple price method on January 11, 2019. Up to 5% of the stocks will be allocated to eligible individuals and institutions through a non-competitive bidding facility. Results will be announced the same day, with payments due by January 14, 2019.