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RBI Governor Shaktikanta Das said that the central bank does not expect the market to respond appropriately to the announcement of G-SAP 2.0.

The higher transfer is an attempt to lower the fiscal deficit, reduce borrowing cost and cushion the weak cash management

The number of people below the poverty line has increased from 6 crore to 13.4 crore due to Covid (Pew Research ). The middle class has shrunk by 3.2 crore due to the pandemic (Pew Research).

RBI set relatively higher cut-off rate for additional competitive underwriting commission for PDs for the 2030 G-Sec, says Marzban Irani, CIO-Fixed Income, LIC Mutual Fund

RBI to ensure comfortable level of liquidity in system this fiscal SECTIONS Last Updated: May 27, 2021, 04:07 PM IST Share Synopsis "The Reserve Bank will ensure that system level liquidity remains comfortable during 2021-22 in alignment with the stance of monetary policy, and monetary transmission continues unimpeded while maintaining financial stability," according to the annual report 2020-21. Reuters The Reserve Bank on Thursday said it will ensure comfortable level of liquidity in the syst...

RBI stepped up G-Sec buys in past 2 weeks SECTIONS Share Synopsis The central bank net purchased Rs 34,175 crore of sovereign papers between April 22 and May 4 from the secondary market to ensure lower borrowing costs amid concerns that the second Covid wave would derail the nascent economic recovery. Market experts believe that this could well be a record for a two-week period. Reuters The G-Secs Acquisition Programme (GSAP) and open-market operations (OMO) are the central bank’s rate-influe...

G-Secs: In Monday’s auction, RBI gets tepid response to conversion May 17, 2021 Banks don’t seem too enthused to trade-in short-dated Government Securities Banks don’t seem too enthused to trade-in short-dated Government Securities (G-Secs/GS) they hold in their investment book for longer-dated G-Secs, going by the results of Monday’s switch/ conversion auction of G-Secs. The short-dated G-Secs, maturing between 2022 and 2024, carry relatively higher coupon rate vis-a-vis the longer-d...

May 05, 2021 Shaktikanta Das, Governor, RBI (File photo)   -  PAUL NORONHA× Second auction of G-Secs for ₹35,000 cr under G-SAP 1.0 to be held on May 20 The Government Securities (G-Secs) prices rose on Wednesday as the Reserve Bank of India (RBI) decided to increase the quantum of the G-Secs it will purchase at the second auction, under the G-Sec Acquisition Programme (G-SAP 1.0), to ₹35,000 crore as against ₹25,000 crore, it purchased during the first auction. “The second auction ...

Rupees fortunes depend on RBIs intent to prevent further weakness: Economists SECTIONS Last Updated: Apr 23, 2021, 05:07 PM IST Share Synopsis The rupee has already lost 2.6% against the dollar so far this month, putting it on the cusp of marking its worst month, since the pandemic hit the country early last year. A fortnightly Reuters poll showed bearish bets on the rupee climbed to their highest since last April, as the surge in infections has halted what had been seen as a promising growth s...

RBI faces key auction as traders balk at yields SECTIONS Last Updated: Apr 22, 2021, 07:13 AM IST Share Synopsis Underwriters were forced to rescue a five-year bond sale on April 9 and the RBI canceled an offering altogether on April 16. The Reserve Bank of India’s explicit assurance to buy 1 trillion rupees ($13 billion) of bonds this quarter has failed to encourage more purchases by traders. Related NSE By Subhadip Sircar Barely weeks into India’s new borrowing program, the nation’s sov...