businessUpdated: Aug 21, 2020 06:45 ISTThe Reserve Bank of India on Monday announced sale of three government dated securities totalling Rs 30,000 crore. “Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of Rs 30,000 crore...,” the RBI said, adding that the government will have the option to retain additional subscription up to Rs 2,000 crore against each security. “The Stocks will be issued for a minimum amount of Rs 10,000 (nominal) and in multiples of Rs 10,000 thereafter,” the central bank said. With a view to encouraging wider participation and retail holding of government securities, retail investors are allowed participation on “non-competitive” basis in select auctions of dated Government of India securities and Treasury Bills. The Union Budget 2016-17 had announced, inter-alia, that RBI will facilitate retail participation in the primary markets through stock exchanges.

Source: Hindustan Times August 21, 2020 01:16 UTC