![RBI to buy back govt bonds worth ₹40K cr on Thursday](https://cdn.magzter.com/1547192204/1716835740/articles/7wBlgRwsi9bUjsd26GJsys/RBI-TO-BUY-BACK-GOVT-BONDS-WORTH-40K-CR-ON-THURSDAY.jpg)
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.
This story is from the May 28, 2024 edition of Business Standard.
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This story is from the May 28, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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