The Government of India have announced the sale (re-issue) of (i) “8.07 percent Government Stock 2017” for a notified amount of `3,000 crore (nominal),  (ii) “7.80 percent Government Stock 2021” for a notified amount of `5,000 crore (nominal) and (iii) “8.28 percent Government Stock 2027” for a notified amount of `3,000 crore (nominal) through price based auctions. The auctions will be conducted using uniform price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on September 9, 2011 (Friday).

The result of the RBI Reverse Repo auction held on September 5, 2011 are:

The Reserve Bank of India’s Reference Rate for the US dollar is `45.9375 and the Reference Rate for Euro is `64.9718 on September 5, 2011. The corresponding rates for the previous day (September 2, 2011) were `45.8965 and `65.4075 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: