RBI plans buyback of Rs 30,000 crore GSecs

RBI plans buyback of Rs 30,000 crore GSecs

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 6 lakh crore in securities are approaching maturity. The buyback is scheduled for September 3.