India’s government announces auction-based conversion of government securities worth 25000 billion rupees

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The Indian government will convert government securities with a total face value of ₹25,000 crore through an auction, involving 6 source securities and their corresponding destination securities. Bids will be conducted on November 16, 2026, through the Reserve Bank of India’s e-Kuber platform. Results will be announced the same day, with settlement on November 17; the auction will use a multiple-price mechanism, with successful bidders transacting at their respective bid prices.