The Reserve Bank of India (RBI) has announced that it will conduct an auction of Government of India (GoI) securities worth Rs 28,000 crore on Friday, October 10, as part of its regular borrowing programme, ANI reported. According to the RBI, the auction will be carried out through its Core Banking Solution (e-Kuber) platform at the Mumbai office. The sale includes the re-issue of two long-term bonds - 6.68 per cent Government Security 2040 valued at Rs 16,000 crore and 6.90 per cent Government Security 2065 worth Rs 12,000 crore. The settlement for successful bids will take place on Monday, October 13.

Additional subscription option for investors

As per the RBI notification, the Government retains the option to accept additional subscriptions of up to Rs 2,000 crore for each security. T

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