RBI to Conduct ₹25,000 Crore G-Sec Buyback via RBI’s E-Kuber on October 17

The Reserve Bank of India (RBI) will conduct a government securities (G-sec) buyback worth Rs 25,000 crore via the RBI’s e-Kuber platform on October 17, 2024. This move aims to manage liquidity in the financial system and support the government’s borrowing program. The buyback will involve the purchase of specific G-sec securities, providing an opportunity for market participants to sell their holdings. The RBI’s decision reflects its ongoing efforts to maintain financial stability and ensure adequate liquidity in the market.