India will conduct a ₹20,000 crore multi-price bond switch auction on October 19, 2026, targeting the conversion of various source securities into new destination bonds.
This source security is being bought back by the Government of India in the switch auction, creating demand.
This destination security is being newly issued in the switch auction, adding supply.
This source security is being bought back by the Government of India in the switch auction, creating demand.
This destination security is being newly issued in the switch auction, adding supply.
This source security is being bought back by the Government of India in the switch auction, creating demand.
This destination security is being newly issued in the switch auction, adding supply.
This source security is being bought back by the Government of India in the switch auction, creating demand.
This destination security is being newly issued in the switch auction, adding supply.
This source security is being bought back by the Government of India in the switch auction, creating demand.
This destination security is being newly issued in the switch auction, adding supply.
This source security is being bought back by the Government of India in the switch auction, creating demand.
This destination security is being newly issued in the switch auction, adding supply.
The Government of India has scheduled a ₹20,000 crore bond switch auction for October 19, 2026. This operation allows market participants to exchange existing securities for new issuances, aiming to manage debt maturity profiles through the RBI's e-Kuber platform.
The switch auction allows the government to manage its debt maturity profile by buying back existing securities and issuing new ones, effectively extending or adjusting the duration of its outstanding debt.
The price of the source security must match the FBIL closing price from the previous working day, while the destination security price is determined by the bidder and subject to the auction's cut-off.