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.
Short-term rates ease as banks see surge in dollar deposits
Large banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutions. This influx of funds has boosted banking system liquidity considerably in recent