RBI to conduct Rs 20,000 crore switch auction of government securities on March 9
The Reserve Bank of India (RBI) has said that it will conduct switch auction of government securities worth Rs 20,000 crore on March 9, 2026. RBI stated the auction will be held from 10:30 AM to 11:30 AM. The results will be declared the same day and settlement will take place on March 10, 2026.
The switch operation is likely to ease redemption pressure in the next financial year, when government bond maturities worth Rs 5.47 lakh crore are due. This is the fourth switch auction announced by the RBI since February.
Prior to this, the RBI had carried out three switch auctions and bought back securities worth Rs 98,591.701 crore. In a bond switch, the government replaces bonds maturing in the near term with long- term instruments. With gross market borrowing already budgeted at Rs 17.2 lakh crore, the move supports a more balanced maturity profile and facilitates better repayment management
