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.
Warning Signal? FIIs cut stake in 11 smallcap stocks in the last 3 quarters; prices crash up to 70%
Reliance Power’s shares declined as the Enforcement Directorate filed a chargesheet in a fake bank guarantee case, weighing on investor sentiment and drawing renewed attention