RBI bought back Rs 12,604 crore in government securities through an auction to optimize debt management and provide liquidity to the banking system.
Mumbai, Jul 28 (PTI) The Reserve Bank of India (RBI) on Tuesday bought back government securities worth Rs 12,604 crore through an auction conducted as part of the government’s debt management operations. Â
The central bank received offers aggregating to Rs 16,959.07 crore from market participants and accepted bids worth Rs 12,604.07 crore, according to a notification. Â
The highest buyback was in 7.33 per cent GS 2026, where the RBI accepted Rs 8,960.69 crore worth of securities against offers totalling Rs 9,160.69 crore. Â
The RBI also bought back Rs 2,400.387 crore of 8.15 per…