The Reserve Bank of India has decided to conduct sale of Government of India dated securities (G-Secs) under Open Market Operations (OMOs) for an aggregate amount of ` 10,000 crore on October 13, 2014 (Monday) through multi-security auction using the multiple price method:

The auction shall be conducted by the Financial Markets Department, Reserve Bank of India, Fort, Mumbai on October 13, 2014 (Monday).

Market participants may take note of the following:

There is an overall aggregate ceiling of ` 10,000 crore for all the securities in the basket put together. There is no security-wise notified amount.

The Reserve Bank reserves the right to:

• decide on the quantum of sales of individual securities
• accept bids for less than the aggregate amount of ` 10,000 crore
• sell marginally higher than the aggregate amount due to rounding effects
• accept or reject any or all of the bids either wholly or partially without assigning any reason

Eligible participants should submit their bids in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system between 10.30 a.m. and 12.00 noon on October 13, 2014 (Monday). Physical bids would be accepted only in the event of system failure. Such physical bids should be submitted to Mumbai Office (Public Accounts Department) in the prescribed form obtainable from the Regional Director, Reserve Bank of India, Mumbai Office, Mumbai - 400001 and/or from the Reserve Bank’s website (http://rbidocs.rbi.org.in/rdocs/Forms/PDFs/TN201210F.pdf)

The successful bidders will be required to make payment to Reserve Bank on October 14, 2014 (Tuesday) by forenoon.

Ajit Prasad
Assistant General Manager

Press Release : 2014-2015/726