<h1>India to Auction Government Securities Worth Rs 33,000 Crore on August 11, 2023, via RBI Electronic Bidding.</h1> The Government of India announced the auction of three government securities: 7.06% GS 2028 for Rs 8,000 crore, New GS 2033 for Rs 14,000 crore, and 7.30% GS 2053 for Rs 11,000 crore. The auctions, conducted by the Reserve Bank of India on August 11, 2023, will use uniform and multiple price methods. Up to 5% of the securities will be allocated to eligible individuals and institutions under the Non-Competitive Bidding Facility. Bids are to be submitted electronically, with results announced on the same day. Successful bidders must make payments by August 14, 2023.