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Sunday, 10 January 2016

WPI Inflation index bond-buy back

The Government of India has announced the repurchase of “1.44 per cent Inflation Indexed Government Stock-2023” through reverse auction for an aggregate amount of Rs. 6,500 crore (face value). 
The repurchase by the Government of India will be undertaken to redeem the Government Stocks prematurely by utilizing surplus cash balances.

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