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of <h1>India Announces Re-Issue Sale of Government Securities Worth Rs. 30,000 Crore, Auction Set for December 1, 2023.</h1> The Government of India has announced the re-issue sale of three government securities: 7.37% GS 2028 for Rs. 7,000 crore, 7.18% GS 2033 for Rs. 13,000 crore, and 7.30% GS 2053 for Rs. 10,000 crore. The auctions, conducted by the Reserve Bank of India on December 1, 2023, will use price-based methods, with a non-competitive bidding facility for eligible individuals and institutions. The government may retain an additional Rs. 2,000 crore for each security. Bids must be submitted electronically, and results will be announced on the same day, with payments due by December 4, 2023.
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