<h1>India to Auction Rs. 16,000 Crore in Government Securities on Nov 1, 2019; Includes New 2024 Stock.</h1> The Government of India announced auctions for various government securities, including a new government stock for 2024 and re-issues of bonds maturing in 2031, 2043, and 2049, totaling Rs. 16,000 crore. The auctions, conducted by the Reserve Bank of India, will take place on November 1, 2019, using a multiple price method. There is an option to retain an additional Rs. 1,000 crore for any of the securities. Up to 5% of the sale is reserved for eligible individuals and institutions under a non-competitive bidding scheme. Bids must be submitted electronically, with results announced the same day, and payments due by November 4, 2019.