RBI to sell securities worth Rs 9,000 crore

Mumbai, Jul 14 (UNI) Government of India will sell two dated securities worth Rs 9,000 crore on July 20.

These include the sale of '7.27 per cent Government Stock 2013' for a notified amount of Rs 6,000 crore and '7.95 per cent Government Stock 2032' for a notified amount of Rs. 3,000 crore.

The stocks will be sold through price-based auctions using multiple price method, said RBI in a release.

The auctions will be conducted by the Reserve Bank of India (RBI) on July 20.

Government has allocted up to 5 per cent of the notified amount of the sale of both stocks to eligible individuals and institutions.

UNI