RBI to sell four dated govt sec for Rs 15,000 cr on Aug 19 16/08/2016

RBI to sell four dated govt sec for Rs 15,000 cr on Aug 19
16/08/2016 12:38
The Reserve Bank of India on Friday said it will auction four dated government securities for Rs 15,000 cr on August 19 using multiple price method.
“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 August 19, 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 August 19, 2016, it added.