The government is undertaking conversion or switch operations with the aim of facilitating the liability profile as well as developing the market.
The Government of India has entered into a conversion transaction with the Reserve Bank of India (RBI) on January 28, 2022 for an amount of ₹1,19,701 crore (face value) to ease its liability profile.
RBI said in a statement, “This transaction includes buy back securities maturing in FY 2022-23, FY 2023-24 and FY 2024-25 from the Reserve Bank and issue of fresh securities for the same market value,” RBI said in a statement. Is.” ,
The transactions were conducted using Financial Benchmark India Pvt. Ltd. (FBIL) prices are as of January 28, 2022.
Government of India is conducting conversion or switch operations for market development along with facilitating the liability profile of the market participants as well as the RBI. It is part of these operations.
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