RBI to Conduct Rs 25,000 Crore Government Bond Switch Auction on March 2

The Reserve Bank of India (RBI) will conduct a Rs 25,000 crore switch auction on March 2 to ease near-term government bond redemption pressures. This auction will replace bonds maturing in 2026 and 2027 with longer-term securities maturing between 2032 and 2062. The move aims to smoothen the government's liability profile and manage repayment obligations more effectively amid a gross market borrowing target of Rs 17.2 lakh crore for the fiscal year.