India exchanges bonds maturing in FY27 with the central bank and issues paper for 2040

India’s central bank said on Thursday the government has bought back bonds maturing in the next fiscal year and issued longer-dated securities due 2040 as part of a switching exercise.The government bought back 755.04 billion rupees ($8.34 billion) of four securities maturing in the 2026-27 financial year from the Reserve Bank of India and in […]