Mumbai, March 9 (IANS) The government on Monday announced that it has bought back government securities worth Rs 6,309 crore through a switch auction conducted by the Reserve Bank of India, replacing near-term maturing bonds with longer-term instruments to manage its repayment obligations more smoothly.Government securities, commonly known as G-Secs, are debt instruments issued by the government to raise funds.These instruments are considered low-risk as they are backed by a sovereign guarantee …
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