Government Undergoes Switch Operation of Rs.1, 19,701 Crore

  • The Government of India (GOI) has done a conversion switch transaction of its securities with the Reserve Bank of India (RBI) for an amount of Rs. 1,19,701 crore (face value).
  • The GOI undertakes switch operations with RBI and also with market participants to smoothen the liability profile as well as for market development.

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