RBI to buy back govt bonds worth ₹40K cr on Thursday
Business Standard|May 28, 2024
₹29K cr G-sec to go for auction on Friday
ANJALI KUMARI
RBI to buy back govt bonds worth ₹40K cr on Thursday

The Reserve Bank of India (RBI) on Monday announced it would buy back government bonds worth 40,000 crore on Thursday.

Bond market participants said the third buyback auction was expected to witness tepid demand as banks might refuse to sell bonds at a loss. Against the notified amount, banks could sell securities worth 5,000 crore to 10,000 crore to the government, they said.

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