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

The Reserve Bank of India (RBI) will conduct a Rs 25,000 crore switch auction of government securities on March 2 to ease near-term redemption pressures. This is the third such auction this month, aiming to replace bonds maturing in FY27 with longer-term securities maturing after FY32. The move helps smooth the government's debt repayment profile amid Rs 5.47 lakh crore maturing in FY27 and supports managing borrowing obligations within the budgeted Rs 17.2 lakh crore gross market borrowing.