RBI to buy back ₹20,000 crore government securities on July 28
pre-market1 source ↓written by the desknot a recommendation
- via the RBI's
- 10:30 AM and 11:30 AM
- securities such
- 7.33% GS 2026
- 8.24% GS 2027
The Reserve Bank of India announced a buyback of ₹20,000 crore in government securities on July 28. The auction will occur between 10:30 AM and 11:30 AM via the RBI's E-Kuber platform. This buyback includes securities such as 7.33% GS 2026 and 8.24% GS 2027, aimed at managing liquidity pressures in the banking system.
• Auction conducted using multiple price methods
• Aims to address narrowing banking liquidity due to GST outflows
Traders should monitor short-term money market rates as this action may influence liquidity dynamics.
Not investment advice. For informational purposes only.