RBI ₹32,000 Crore Bond Switch Auction on 21 July 2025
Why in the news
The Reserve Bank of India announced a large bond switch auction for the Centre, scheduled for 21 July 2025.
Key facts
- Size of the auction: ₹32,000 crore.
- Date: 21 July 2025.
- Conducted by the RBI on behalf of the Central Government.
- Purpose: reduce short-term redemption pressure and back fiscal consolidation.
Background
The step forms part of the government’s approach to managing its debt profile.
Exam angle
- Who conducts it: RBI, acting for the government.
- Amount and date: ₹32,000 crore, 21 July 2025.
- Related terms: switch auction, redemption pressure, debt management.