Page 4 - Acquisition Programme News Today

RBI will also purchase Rs 40,000 crore of government securities, comprising state development loans worth Rs 10,000 crore under the ongoing G-SAP 1.0 via an auction on June 17

Reserve Bank of India Governor Shaktikanta Das.   The Central bank also announced G-SAP 2.0 which will help in calming yields and control undue volatility faced by market participants in the government securities market. Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said India’s forex reserves may have crossed record level of $600 billion on the back of robust capital flows. As per the RBI’s data issued on May 28, the country’s foreign exchange reserves rose by $2.865 b...

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said Indias forex reserves may have crossed record level of USD 600 billion on the back of robust capital flows.

For the week ended May 21, boosted by gold and currency assets, the reserve was at USD 592.894 billion.

Under the programme, RBI commits upfront to a specific amount of open market purchases for an orderly yield curve.

Shaktikanta Das on Friday said India's foreign exchange reserves may have crossed record level of $600 billion on the back of robust capital flows.

The six-member monetary policy committee decided to maintain status quo on the policy repo rate to support growth, which has been laid low by the second Covid-19 wave , and to tackle inflationary pres

The RBI on Friday held the repo rate, its key lending rate, at four per centand kept the reverse repo rate, the borrowing rate, unchanged at 3.35 per cent.

The Reserve Bank of India (RBI) kept interest rates steady at record lows and reiterated its commitment to keeping policy accommodative as a second wave of COVID-19 infections threatens to derail the country's economic recovery.

Indias foreign exchange reserves jumped by $2.865 billion to hit a record high of $592.894 billion for the week ended May 21, bolstered by gold and currency assets, RBI data showed on Friday