India to switch bonds worth 250 billion rupees next week

ملخص مفصل

On November 16, the Reserve Bank of India will initiate a significant switch auction worth 250 billion rupees. This maneuver involves replacing six bonds that are set to mature between 2027 and 2029 with longer-term securities extending to maturity in 2062. By doing so, the government seeks to optimize its debt repayment schedule. This follows a similar strategy of bond buyback and issuance enacted in October.

Debt mutual funds staged a sharp turnaround in October, recording net inflows of Rs 1.13 lakh crore after heavy outflows in September. Liquid and overnight funds accounted for the bulk of the inflows, reflecting a seasonal reversal of quarter-end withdrawals. However, the recovery remained uneven, with several duration-oriented categories continuing to witness outflows.

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