Government Buys Rs 75,505 Cr G-Secs from RBI in Switch Auction

• Government of India repurchased G-secs worth Rs 75,504.43 crore from RBI via a switch auction.
• Bonds worth Rs 69,436.15 crore of 8.30 per cent GS 2040 were issued in exchange.
• The repurchased securities were set to mature in the next financial year, including 7.27% GS 2026 and 8.33% GS 2026.
• This move aims to ease redemption pressure in the next fiscal year, with Rs 5.47 lakh crore in government bond maturities due.
• The operation helps manage repayment obligations and smoothen the maturity profile, despite higher budgeted gross market borrowing for FY27.