The Government of India have announced the sale (re-issue) of (i) “7.99 percent Government Stock 2017” for a notified amount of ` 4,000 crore (nominal) through price based auctions, (ii) “New 13 Year Government Stock” for a notified amount of ` 6,000 crore (nominal) through yield based auctions, and (iii) “8.30 percent Government Stock 2040” for a notified amount of ` 3,000 crore (nominal) through price based auctions on November 11, 2011. The Government of India in consultation with the Reserve Bank of India has rejected all the bids submitted only in the auction for 7.99 % Government Stock 2017.
The Reserve Bank of India has announced the auction of 91-day Government of India Treasury Bills for notified amount of ` 4,000 crore. The auction will be conducted on November 16, 2011 using "Multiple Price Auction" method. The allocation to the non-competitive bidders will be outside the notified amount at the discretion of the Bank. The sale will be subject to the terms and conditions specified in the General Notification No. F.2 (12)-W & M/97 dated 31st March, 1998 issued by Government of India and as amended from time to time.
The Reserve Bank of India has announced the auction of 364-day Government of India Treasury Bills for notified amount of ` 4,000 crore. The auction will be conducted on November 16, 2011 using "Multiple Price Auction" method. The allocation to the non-competitive bidders will be outside the notified amount at the discretion of the Bank. The sale will be subject to the terms and conditions specified in the General Notification No. F.2 (12)-W & M/97 dated 31st March, 1998 issued by Government of India and as amended from time to time.
The results of the auctions of 7.99% Government Stock, 2017 (Re-issue) and 8.30% Government Stock, 2040 (Re-issue) held on November 11, 2011 are :
The Reserve Bank of India today released the November 2011 issue of its monthly RBI Bulletin (rbi.org.in/scripts/BS_ViewBulletin.aspx) . The Bulletin carries three articles by top management of the Reserve Bank and five special articles, namely, (i) Financial Inclusion : A road India needs to travel (ii) Monetary Policy: Key factors Shaping Trajectory (iii)  Inflation:  Decoding the Dynamics  (iv) Developments in India's Balance of Payments during First Quarter  (April-June) of 2011-12 (v) Composition and Ownership Pattern of Deposits with Scheduled Commercial Banks: March 2010 (vi) India’s External Debt: Trend, Policy Changes and Cross-country Comparison (vii) Finances of Foreign Direct Investment Companies: 2009-10 (viii) South-West Monsoon 2011 :  A Review  (June 1 to September 30, 2011).
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