Government Launches Electrifying Rs 30,000 Crore Auction

Ladies and gentlemen, brace yourselves! The government is about to launch an electrifying switch auction of Rs 30,000 crore on June 15! With the Reserve Bank of India at the helm, they’re swapping old bonds for dazzling new ones maturing between 2034 and 2039! Get ready to bid from 10:30 am to 11:30 am, and don’t miss the results—history is about to unfold!

Quick rundown

1.RBI announces a Rs 30,000 crore switch auction.

2.Switch involves buying back bonds maturing 2027-2030.

3.New bonds will mature between 2034 and 2039.

4.Auction uses the multiple-price method on e-Kuber.

5.Settlement of the auction is set for June 16.

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