RBI to auction inflation-indexed government stock on June 25

The Reserve Bank of India will auction 1.44 per cent inflation-indexed government stock-2023 for a notified amount of Rs 1,000 crore through price based auction. The auction will be conducted using uniform price method. The result of the auctions will be announced on Tuesday and payment by successful bidders will be on June 26, said RBI in a release. The stocks will qualify for the ready forward facility.