Consequently, the government, in consultation with the RBI, has already conducted buybacks and switches of dated securities. In FY25, the government executed buybacks worth ₹80,000 crore and switches totaling ₹1.35 lakh crore, against ₹1.5 lakh crore worth of G-secs to be switched in the current fiscal. Together, these measures have addressed ₹2.15 lakh crore worth of COVID-related loans to date.
