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Friday, December 22, 2000

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Govt. stock auctions

By Our Special Correspondent

MUMBAI, DEC. 21. The Central Government has announced the sale (re-issue) by auction of 11.43 per cent Government Stock 2015 for an aggregate amount of Rs. 3,000 crores (nominal). The auction will be `price based' and will be conducted by the Reserve Bank of India on December 26.

The RBI stated that the Centre has also announced the sale by auction of a new 20-year Government Stock for Rs. 1,000 crores (nominal). This auction will be yield based and will be conducted by the RBI on December 26.

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