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        FEMA & RBI

        Government of India cancels the auction of dated security scheduled on February 18, 2022

        February 15, 2022

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        On review of the Government of India’s cash position, it has been decided, in consultation with Reserve Bank of India, to cancel auction of all the securities scheduled to be held on February 18, 2022 as per the issuance calendar dated September 27, 2021 for Government of India Dated Securities during Second Half of the current Financial Year.

        Cancellation of securities auction: government cancels scheduled dated securities auction after cash position review with central bank. Cancellation of scheduled auction of Government of India dated securities: the Government cancelled the auction of all dated securities scheduled for February 18, 2022 following a review of its cash position and in consultation with the Reserve Bank of India, suspending issuance under the published issuance calendar.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Cancellation of securities auction: government cancels scheduled dated securities auction after cash position review with central bank.

                                Cancellation of scheduled auction of Government of India dated securities: the Government cancelled the auction of all dated securities scheduled for February 18, 2022 following a review of its cash position and in consultation with the Reserve Bank of India, suspending issuance under the published issuance calendar.


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