The government will buy back securities worth ₹25,000 crore. Reserve Bank of India made the announcement on Friday. This is the third buyback this financial year. The auction will be on July 17 for bonds maturing in April 2026. Buybacks help manage fiscal deficit. It also infuses liquidity into the system. Previous auctions in June saw strong demand.
NFO Watch: 5 mutual funds and 2 SIFs open for subscription this week. Check details
ICICI Pru Balanced Hybrid Fund and ICICI Pru Multi-Asset Active FOF will open for subscription on June 30 and close on July 14. The minimum