RBI sets premature redemption price for SGB 2020-21 Series I due Oct 28, 2026

The RBI announced the premature redemption price for the Sovereign Gold Bond 2020-21 Series I, based on the simple average of the closing gold price of 999 purity over the previous three business days. This is a routine administrative update for a scheduled redemption, with no deviation from the established SGB mechanism. It matters for investors holding this tranche as it determines their exit value, but it carries no broader market signal.

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