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S7/10Economic
RBI settles for less in Rs 30,000-cr bond switch
The Reserve Bank of India accepted less than half of its notified amount. This occurred during a switch auction held on Monday.
Traders indicated bids exceeded the central bank's comfort level. The RBI accepted ₹14,497 crore out of ₹30,000 crore notified.
Bond switches help the government manage near-term and long-term debt redemptions.
Source: Economic TimesOriginal source
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