RBI Announces Rs 20,000 Crore Government Securities Switch Auction on March 9

The Reserve Bank of India (RBI) announced a switch auction of government securities worth Rs 20,000 crore scheduled for March 9, 2026. The auction aims to ease redemption pressure in the next financial year, which faces government bond maturities of Rs 5.47 lakh crore. This will be the fourth such auction since February, helping to manage repayment obligations by replacing near-term maturing bonds with longer-term instruments. Results will be declared the same day, with settlement on March 10.