RBI to Buy Back Rs 30,000 Cr Govt Securities on Sep 3

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Aug 28, 2026 18:40

The RBI announced a Rs 30,000 crore government securities buyback on Sept 3 via E-Kuber auction to manage surplus liquidity in the banking system.

RBI to Buy Back Rs 30,000 Cr Govt Securities on Sep 3

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Key Points

The RBI will buy back government securities worth Rs 30,000 crore on September 3.
The auction will be conducted on the RBI's E-Kuber platform using multiple price methods.
This move aims to manage the huge surplus liquidity currently present in the banking system.
The central bank has also been conducting Variable Rate Reverse Repo (VRRR) auctions to absorb excess liquidity.

Mumbai, Aug 28 (PTI) The Reserve Bank of India (RBI) on Friday announced the buyback of government securities worth Rs 30,000 crore on September 3.

The auction will take place on September 3, between 10:30 AM and 11:30 AM on the Reserve Bank of India Core Banking Solution (E-Kuber), the RBI said in a notification.

The government will buy back securities such as 7.33 per cent GS 2026, 5.74 per cent GS 2026, 8.15 per cent GS 2026, and 8.24 per cent GS 2027, the notification said.

The central bank has not notified any amount for the individual securities within the aggregate ceiling of Rs 30,000 crore.

Auction for securities will be conducted using multiple price methods, the RBI said.

This comes at a time when the liquidity in the banking system is in huge surplus and the central bank has been conducting variable rate reverse repo (VRRR) auctions to remove excess surplus liquidity from the system.

The central bank, so far in August, has conducted 21 VRRR auctions to remove excess surplus liquidity from the banking system and align overnight money market rates close to the repo rate.

Source: PTI By Rediff Money Desk, Mumbai

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