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Govt buys back G-Secs worth Rs 6,309 crore in RBI switch auction
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Govt buys back G-Secs worth Rs 6,309 crore in RBI switch auction
Mumbai, March 9 (SocialNews.XYZ) The government on Monday announced that it has bought back government securities worth Rs 6,309 crore through a switch auction conducted by the Reserve Bank of India, replacing near-term maturing bonds with longer-term instruments to manage its repayment obligations more smoothly. Government securities, commonly known as G-Secs, are debt instruments issued by the government to raise funds. These instruments are c…
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