RBI accounts auction of Govt Stock worth Rs 5,000 cr

Mumbai, Apr 4 (UNI) The Reserve Bank of India (RBI), under the Market Stabilisation Scheme (MSS), today announced multiple price-based auction of 6.57 per cent Government Stock 2011 for Rs 5,000 crore (nominal) on April 10.

Up to five per cent of the notified amount of the sale of the stock would be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities, RBI said in a release here.

RBI also announced similar auction of '7.38 per cent Government Stock 2015' for a notified amount of Rs 6,000 crore and '7.95 per cent Government Stock 2032' for a notified amount of Rs 4,000 crore on April 11.

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