The Reserve Bank of India (RBI) is set to repurchase government securities worth Rs 30,000 crore on Thursday. The buyback includes various bonds maturing in 2024, such as the 7.35%, 8.4%, 6.18%, FRB, and 9.15% bonds. The move comes after low participation in the previous auctions, where the RBI repurchased a fraction of the notified amounts. By repurchasing its own bonds, the government aims to reduce its liabilities, strengthen its fiscal position, and improve its debt profile. This strategy involves retiring higher-cost or shorter-term bonds, ultimately decreasing the total outstanding debt.