RBI plans buyback of Rs 30,000 crore G-Secs
The Reserve Bank of India has announced a buyback of government securities amounting to Rs 30,000 crore, targeting those set to mature in the fiscal year 2027. This strategic decision aims to alleviate the impending redemption pressure, as over Rs...
By ET Bureau | Updated:
ANI
The Reserve Bank of India plans to buy back government securities of Rs 30,000 crore on September 3, with all securities listed in the auction maturing in FY27. The aim of the buyback is likely to reduce the redemption burden on the government in the next fiscal year. Securities amounting to over Rs 6 lakh crore are scheduled to mature.
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