Govt's to buy Rs 20k cr G-sec

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BS Reporter
Last Updated : Sep 13 2014 | 12:10 AM IST
The government plans to repurchase government bonds (G-secs) through reverse auction for Rs 20,000 crore on Tuesday. These will be bonds maturing in the next 12 months. The repurchase will be done to prematurely redeem the government stocks by utilising surplus cash balances.

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First Published: Sep 13 2014 | 12:07 AM IST

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