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₹30,000 cr of bonds for longer tenure securities

India city Mumbai covid-19 pandemic Government
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RBI notified that it will be switching three bonds maturing in June this year in favour of three bonds maturing in 2024, 2030 and 2060 MUMBAI : Reserve Bank of India (RBI) on Thursday said that the government will be converting some of its short-term securities, worth ₹30,000 crore, into existing long term bonds on May 18.

RBI notified on its website that it will be switching three bonds maturing in June this year in favour of three bonds maturing in 2024, 2030 and 2060.

Switching of government securities happen to enable the government to repay the loans at a later date to ease the pressure on the exchequer in the immediate term.

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United States
United States
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Deaths: 141 607
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Russia
Russia
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Deaths: 237 619
Recovered: 0
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