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Govt not for direct debt swap with RBI
Mint New Delhi
|February 04, 2025
Reserve Bank of India's holding of sovereign bonds due to mature next fiscal year will likely be treated at par with the market by the government rather than swapped for longer-dated debt, a top official said.
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The RBI holds around ₹1 trillion of bonds maturing next financial year, as per market estimates, and the government was expected to swap these for longer-dated debt before the budget on Saturday, a practice undertaken in earlier years that typically me
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