The Reserve Bank of India (RBI) will auction government securities worth Rs 160 billion on May 22, 2015. The auctions will be conducted using multiple price method.

Of the total Rs 160 billion, the government will raise Rs 30 billion through sale of 7.68% government stock 2023. It will raise Rs 20 billion each under 8.24% government stock 2033 and 8.17% government stock 2044. These securities will be offered through price based auction.

The government will raise Rs 90 billion through new 10-year government stock. Auction for this new security will be on yield based auction format.