The government, on Monday, announced the sale of 1.44 per cent ‘Inflation-indexed government stock 2023’ for a notified amount of Rs.1,000 crore through price-based auction on June 25. The results of the auction, to be conducted using the uniform price method by the Reserve Bank of India in Mumbai, will be declared on the same day.

According to an official statement here, up to 20 per cent of the notified amount of bonds on sale will be allotted to eligible individuals and institutions as per the scheme for non-competitive bidding facility in auction of government securities.

Both competitive and non-competitive bids for the auction are to be submitted in electronic format on RBI’s core banking solution (E-Kuber) system.

More In: Economy | Business