India's Government Switcheroo: 2026 Bonds for 2040!

The Indian government pulled off a nifty switcheroo with the RBI! On February 13, they bought back bonds maturing in 2026-27 and swapped them for shiny new bonds set to mature in 2040. This clever move, worth over Rs 75,500 crore, aims to ease cash flow and manage debts more smoothly.