Government Securities

FPIs' debt appetite surpasses equity exit in June on RBI, govt measures

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

Esma recognises Clearing Corp of India, ending 3-yr regulatory standoff

European regulator restores CCIL's access to EU market participants after RBI and ESMA signed a supervisory cooperation agreement earlier this year

Small savings rates remain unchanged for 10th consecutive quarter

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

10 more jurisdictions come under RBI's State Development Loans framework

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

RBI consolidates rules for outright, when-issued & short-sale G-sec trades

Draft master directions bring together rules for government securities trading, widening market access while consolidating norms on reporting, settlement and short selling

G-sec tax break announcement yet to make an impression on foreign investors

FPIs pull out nearly ₹13,000 crore in June and the rupee continues to be under pressure

India vs market peers: Are Indian government bonds still attractive?

As India opens its bond market further, investors are weighing its strengths against higher-yielding rivals such as Brazil, Mexico, and South Africa

Why India is opening the door wider to foreign investors in govt securities

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

Can foreign bond inflows really move India's $1.5 trillion Gsec market?

A potential $20-25 billion foreign inflow sounds significant, but India's government bond market is much bigger. Here's where the money could matter, and where it may not

Govt to switch Rs 30,000 crore of bonds through auction on June 15

The switch auction will replace shorter-dated securities maturing between 2027 and 2030 with longer-dated bonds maturing between 2034 and 2039

Gsec to FAR: Explaining key terms behind India's global bond index push

The government's tax exemption for foreign investors has put India's bond market in the spotlight. Here's a breakdown of the key terms investors need to know

Govt exempts FPIs from tax on G-Sec gains to attract capital inflows

The government has removed tax on interest income and capital gains from government securities for FPIs while easing investment norms to deepen debt markets and attract long-term foreign funds

Govt exempts foreign investors from tax on G-Secs: Why does this matter?

The move comes amid sustained pressure on the rupee and persistent foreign portfolio outflows, with the exemption set to apply to income earned on or after April 1, 2026

'Tax exemption on G-Secs may succeed where RBI liquidity cannot'

The government has promulgated an ordinance that, with effect from April 1, 2026, foreign institutional investors will be exempted from tax on both the interest and the capital gains

CCIL working on bond forward window; rollout likely this quarter

CCIL's proposed platform aims to shift OTC bond forward trades to central clearing, enhancing transparency, risk management, and participation in a Rs 4 trillion market

India sells 30-year green debt at 'greenium' last seen 3 years ago

India's 30-year green bond sale sees strongest greenium in three years, driven by robust investor demand and reduced ultra-long bond supply

Rising yields amid Iran war trigger ₹17,689 cr FPI outflow from FAR G-Sec

Foreign portfolio investors have pulled out Rs 17,689 crore of their bets from Fully Accessible Route (FAR) government securities since the beginning of the conflict in Middle East, reflecting heightened risk aversion among the global investors and growing concerns over inflationary pressures linked to surging crude oil prices. According to data from the Clearing Corporation of India (CCIL), FPI investment in FAR government securities declined to Rs 3,13,318.661 crore as on April 1, from Rs 3,31,007.648 crore as on February 27, indicating a steady unwinding of positions by overseas investors in recent weeks. Market participants said the outflows coincided with a sharp rise in domestic bond yields, particularly after geopolitical tensions in the Middle East pushed global crude oil prices higher, raising inflation risks and tightening financial conditions across emerging markets. During the same period, the yield on Indian government bonds, especially the 10-year benchmark bond, rose

G-Secs gain popularity: Match investment horizon with tenor to reduce risk

Reinvestment risk can be dealt with by laddering investments

Sebi income rises 31% in FY25 to ₹2,713 crore; CAG flags control issues

Sebi's income rises 31 per cent to Rs 2,713 crore in FY25, while CAG flags internal control issues including unreconciled balances and discrepancies in lease deposits and asset records

Govt buys back G-secs worth ₹6,309 crore in RBI's switch auction

The government has bought back G-secs worth Rs 6,309 crore from the switch auction conducted by the Reserve Bank of India (RBI), and has issued bonds worth Rs 6,431.797 crore, according to a release. Government securities (G-Secs) are low-risk debt instruments that are issued by the government and offer fixed returns and are backed by a sovereign guarantee. The securities repurchased by the government were part of the scheduled bonds set to mature in the next financial year. These included Rs 1,684 crore of 7.33 per cent GS 2026, Rs 1,035 crore of 5.74 per cent GS 2026, Rs 590 crore of 8.15 per cent GS 2026, and Rs 3,000 crore of 8.24 per cent GS 2027, the release said. In exchange, the government issued Rs 1,719.236 crore of 6.57 per cent GS 2033, Rs 986.526 crore of 7.62 per cent GS 2039, Rs 605.609 crore of 6.57 per cent GS 2033, and Rs 3,120.426 crore of 7.40 per cent GS 2062, the release added. This is the fourth switch auction by the RBI since February. In a bond switch, th