RBI accepts bids worth Rs 9,296 crore in switch auction

ET BureauLast Updated: Jun 17, 2025, 05:20:00 AM IST

Synopsis

In a government switch auction on Monday, the Reserve Bank of India accepted approximately ₹9,296 crore out of the notified ₹25,000 crore. Traders indicated that the yields demanded by market participants potentially exceeded the RBI's acceptable range. The RBI aimed to exchange nine securities maturing in FY27 for those maturing beyond FY32.

Mumbai: In a government switch auction conducted on Monday for a notified amount of ₹25,000 crore, the Reserve Bank accepted about ₹9,296 crore as the yields wanted by market participants may have been higher than the RBI's comfort level, traders said.

The RBI had initially planned to switch nine securities maturing in FY27 with securities maturing beyond FY 32. In a switch auction, the RBI swaps the outstanding amount in a security with a bond maturing later.

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