The RBI accepted ₹17,274 crore in Monday’s bond switch auction, 54% of the notified amount, as market yields exceeded the central bank’s comfort. This move aims to reduce near-term redemption pressure and manage the government’s fiscal situation. The centre has budgeted ₹2.5 lakh crore for bond switches in FY26, with ₹69,000 crore already completed.
Nifty to consolidate between 25,850–26,300 in coming weeks: Rajesh Bhosale
Indian markets opened muted, with Nifty hovering near 26,000 as momentum cooled post-record highs. Broader markets face strain, prompting caution. Analysts suggest Nifty will consolidate