Govt buys back Rs 6,309 cr G-secs in RBI switch auction, issues new bonds
Govt buys back Rs 6,309 cr G-secs in RBI switch auction, issues new bonds
- •Government repurchased G-secs worth Rs 6,309 crore in RBI's switch auction.
- •New bonds worth Rs 6,431.797 crore were issued in exchange for the repurchased securities.
- •The repurchased G-secs were short-term bonds maturing in the next financial year.
- •This is the fourth switch auction by RBI, aiming to ease redemption pressure of Rs 5.47 lakh crore in the next FY.
- •The operation helps smoothen the government's maturity profile and manage repayment obligations effectively.
