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Published 15 days ago

Government To Buy Back Sovereign Bonds Worth Rs 40,000 Crore

Summary by NDTV Profit

In a surprise move, the Reserve Bank of India has announced a buyback of government securities worth Rs 40,000 crore on May 9, it said in a press release on Friday.The securities offered for buyback are 6.18% GS 2024, 9.15% GS 2024 and 6.89% GS 2025, maturing on Nov. 4, Nov. 14, and Jan. 16, respectively.This comes as the liquidity in the banking system has remained in deficit for a prolonged period. On Thursday, the liquidity was in deficit of …

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Government To Buy Back Sovereign Bonds Worth Rs 40,000 Crore

In a surprise move, the Reserve Bank of India has announced a buyback of government securities worth Rs 40,000 crore on May 9, it said in a press release on Friday.The securities offered for buyback are 6.18% GS 2024, 9.15% GS 2024 and 6.89% GS 2025, maturing on Nov. 4, Nov. 14, and Jan. 16, respectively.This comes as the liquidity in the banking system has remained in deficit for a prolonged period. On Thursday, the liquidity was in deficit of …

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