India switches ₹25,000 crore of short-dated G-Secs into longer maturities via auction

The Reserve Bank of India, on behalf of the government, will conduct a conversion/switch auction on November 16, 2026, swapping ₹25,000 crore face value of shorter-dated government securities (maturing 2027-2028) into longer-dated papers (2037, 2039, 2062). This operation extends the average maturity of the government's debt, reducing near-term refinancing risk but potentially adding to long-end supply. The move signals continued liability-management focus by the authorities.

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