New Delhi, Aug. 4 -- The central government has managed to save Rs 560 crore so far in the current financial year (FY26) through debt switching operations, according to a recent report released by Bank of Baroda.

The report highlighted that one of the key tools gaining traction in the Centre's debt management strategy is conversion or switches, along with buybacks.

These are essentially a way for the government to defer its debt by choosing specific securities based on their liquidity or the volume of repayment scheduled in the future.

The report stated "Till now the interest cost advantage of the government, amounting from such an operation is far higher at Rs 560 crore".

Debt switching, also known as debt conversion, is a debt manag...