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YIELD TROUBLE Accepts about T17 274 cr worth of bonds  or 54  of notified amount

                                                                                              FY32  a year where the re- 
                                                                                              demption pressure is relati- 
                                                                                              vely less than previous years  
RBI Settles for Half                                                                          RBI data shows 
                                                                                               Of the nine securities on of- 
                                                                                              feo the RBI did not accept any 
                                                                                              bids for four securities 
                                                                                                 Participation in the switch 
in Bond Switch Sale                                                                           auction depends on interest 

                                                                                              rate view and what opportu- 
                                                               long- term bonds               nities banks see in terms of 
        Our Bureau                                              Monday s exercise is expec-   replenishing their bond port- 
                                                               ted to reduce the redemption   folios  The participation has 
Mumbai  The Reserve Bank                                       pressure in the next three fi- been lower compared to the 
of India  RBI  on Monday ac-                                   scal years while also helping  previous auctions because 
cepted about 217 274 crore in                                  the government to manage       the majority view is that a cut 
the bond switch auction  or                                    the fiscal  economists said    in interest rate is more or less 
54  of the notified amount of                                   Securities offered in the     A done deal   said Rajeeli Pa- 
132 000 crore  because the yi-                                 Monday s switch auction-fo-    war  head of treasury at 
elds demanded by market par-                                   urth such auction in the cur-  • Ujjivan Small Finance Bank  
ticipants may have been hig-                                   rent fiscal-are of papers ma-   The centre had budgeted 
her than the central bank s                                    turing in FY27  FY28 and       switches worth r2 5 lakh cro- 
comfort level  traders said     ment replaces bonds matu-      FY29  and are being replaced   re for FY26  60  more than 
 In a bond switch  the govern-  ring in the near term with     with bonds maturing after      the previous year
Record : 1 / 1
