The Reserve Bank of India accepted ₹19,925 crore in its third buyback, falling short of the ₹25,000 crore notified amount, as bids likely exceeded the RBI’s yield expectations. Market participants offered ₹40,339 crore, with the 5.63% GS 2026 bond attracting the highest demand. This buyback aims to ease the government’s future debt repayment burden.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets