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

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.