RBI to auction four dated govt sec for Rs 14,000 cr on Jan 29

The Reserve Bank of India on Friday said that it will auction four dated government securities for Rs 14,000 crore on January 29, 2016.

“The auctions will be conducted using multiple price method,” RBI said in a notification.

Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on January 29, 2016. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon.

The result of the auctions will be announced on January 29, 2016, it notified.