Mumbai, July 9: The Reserve Bank of India (RBI) is set to auction government securities worth ₹32,000 crore to raise funds for the Indian government. This auction will take place on July 10, with the settlement scheduled for July 13. The government issues these securities and treasury bills as part of its borrowing strategy. The auction will be conducted from the RBI’s Mumbai office using the ‘Multiple Price Method’. Both competitive and non-competitive bids will be accepted electronically through the RBI’s E-Kuber platform on July 10. Personal investors can also participate via the RBI’s Retail Direct portal. This auction is part of the government’s market borrowing program aimed at meeting its expenditure through sovereign debt instruments.