Government of India undertakes conversion/switch operations with market participants as well as with the Reserve Bank with the objective of smoothening its liability profile as well as for market development. As part of these operations, Government has undertaken conversion/switch transactions with the Reserve Bank on February 12, 2026 (settlement on February 13, 2026). The transactions involved Government buying back securities maturing in FY 2026-27 from the Reserve Bank and issuing a security for equivalent market value using Financial Benchmarks India Pvt Ltd. (FBIL) prices as on February 11, 2026, as per the details given below:

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2025-2026/2102