Govt and RBI: A Spellbinding Switch to 2040 Bonds

In a spellbinding twist of fate, the Government of India and the Reserve Bank of India joined forces on Thursday, weaving a magical tapestry of finance! They swapped four enchanted securities, totaling over Rs 75,500 crore, for a shimmering 8.30% GS 2040 bond. This mystical maneuver, set for February 13, helps them navigate the treacherous waters of debt like true financial wizards!