India announces ₹30,000 crore government securities conversion/switch auction

The Government of India will conduct a conversion/switch auction of government securities worth ₹30,000 crore (face value) on September 21, 2026, swapping shorter-dated securities for longer-dated ones. This operation extends the maturity profile of the government's debt, potentially affecting the yield curve and liquidity. The move is part of routine debt management, but the scale and timing may influence market expectations for future supply.