RBI to conduct auction of inflation indexed bonds worth Rs 1,000 cr on Monday

The auction will be conducted using uniform price method

Neelasri Barman Mumbai
Last Updated : Jul 24 2013 | 8:14 PM IST
The Reserve Bank of India (RBI) will conduct auction of 1.44% inflation indexed bonds maturing in 2023 for a notified amount of Rs 1,000 crore through price based auction on Monday, said a press release issued by RBI.

The auction will be conducted using uniform price method. Up to 20% of the notified amount of the sale of bonds will be allotted to eligible individuals and institutions as per the scheme for non-competitive bidding facility, said RBI.

The result of the auction will be announced the same day and successful bidders will make the payment on Tuesday, said RBI.
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First Published: Jul 24 2013 | 8:12 PM IST

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