The Reserve Bank of India (RBI) will auction government securities worth Rs 120 billion on Sept. 18, 2014. The auctions will be conducted using Multiple price method. 

The government has announced the sale (re-issue) of 8.27% Government Stock 2020 for a notified amount of Rs 20 billion through price based auction. It will sell (re-issue) 8.40% government stock 2024 for a notified amount of Rs 60 billion. 

Further the government will sell (re-issue) 8.32% government stock 2032 for a notified amount of Rs 20 billion. It will sell (re-issue) 9.23% government stock 2043 for a notified amount of Rs 20 billion.

Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and institutions as per the scheme for non-competitive Bidding Facility in the auction of government securities.