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Announced Tue, 21 Jul · 06:21 IST
RBI settles for less in Rs 30,000-cr bond switch
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
RBI conducted a bond switch operation worth Rs 30,000 crore but ended up settling for a lower amount than notified, suggesting softer demand from bondholders at the offered spreads. The switch typically involves swapping short-dated government securities for longer-tenure bonds to manage the maturity profile of the central government's debt.