Government of India has announced auction of 11.68 per cent Government Stock, 2006 for an amount of Rs.2,000 crore and 12.30 percent Government Stock 2016 for an amount of Rs.3000 crore.

2. The auction will be price based and will be conducted by the Reserve Bank of India (RBI) at Mumbai on Monday, November 22, 1999. Bids, in the prescribed form obtainable from Chief General Manager, RBI, Public Debt Office, Fort, Mumbai should be submitted on Monday, November 22, 1999 during banking hours. On the basis of bids received, RBI will determine the minimum price at which offers will be accepted. The results of the auction will be announced on November 22, 1999 and payment by successful bidders will be during banking hours on November 24, 1999. The stock will qualify for the ready forward facility.