ICRA retains its FY27 gross state borrowing estimate at ₹13.4-14 trillion, assuming states broadly adhere to the RBI's indicative auction calendar for the third quarter
Buyback covers four government securities maturing between October 2026 and February 2027, with the auction to be conducted using the multiple-price method
Bank certificates of deposit became the largest holding in debt mutual funds in FY26, overtaking government securities as taxation changes shifted investor preference towards shorter-duration schemes
Foreign investors slowed purchases of FAR government securities after a record June as higher crude oil prices and uncertainty over Bloomberg index inclusion hit sentiment
About one-third of outstanding state government securities will mature over the next five years, keeping refinancing needs and bond issuances elevated, ICRA said
The buyback will cover four government securities maturing in 2026 and 2027 as the Centre seeks to smooth its redemption profile and manage debt more efficiently
Foreign investors pumped a net Rs 55,518 crore into debt in June, exceeding equity outflows, as RBI and government measures boosted the appeal of Indian government bonds
The Centre has retained interest rates on all small savings schemes for the July-September quarter, extending the status quo for the 10th consecutive quarter despite policy rate cuts
States and UTs are expected to raise Rs 3.19 trillion through market borrowings in Q2FY27, while the RBI expands its benchmark issuance framework to improve SDL liquidity
Draft master directions bring together rules for government securities trading, widening market access while consolidating norms on reporting, settlement and short selling
Govt has completely eliminated capital gains tax and withholding tax on interest income for FPIs investing in GSec, and has expanded specified securities under FAR
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