PTI | Mumbai | Published 13.05.21, 02:12 AM
The Reserve Bank of India on Wednesday said the second tranche of open market purchase of government securities worth Rs 35,000 crore under the G-Sec Acquisition Programme (G-SAP 1.0) will be conducted on May 20 to enable a stable and orderly evolution of the yield curve.
After the Monetary Policy Committee meeting last month, governor Shaktikanta Das had announced that the RBI will conduct open market purchases of government securities of Rs 1 lakh crore under the G-SAP 1.0 in the first quarter of the financial year 2021-22.
The first such auction of Rs 25,000 crore was held on April 15.
“The Reserve Bank will conduct the second tranche of open market purchase of government securities of Rs 35,000 crore under the G-sec Acquisition Programme (G-SAP 1.0) on May 20, 2021,” the central bank
May 12, 2021
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The central bank will purchase government securities of ₹35,000 crore under the G-SAP 1.0 on May 20
The Reserve Bank of India (RBI) on Wednesday said it will purchase seven government securities (G-Secs), maturing between 2024 and 2035, aggregating ₹35,000 crore under the second tranche of its G-Sec Acquisition Programme (G-SAP 1.0) on May 20.
The central bank’s purchase of G-Secs under the second tranche will be ₹10,000 crore more vis-a-vis the first tranche of purchase auction, which was conducted on April 15.
Under G-SAP 1.0, RBI has committed upfront to a specific amount (₹1-lakh crore in the first quarter of FY22) of open market purchases of G-Secs to enable a stable and orderly evolution of the yield curve amidst comfortable liquidity conditions.
The RBI on Wednesday announced the second tranche of Open Market Purchase of Government of India Securities under G-sec Acquisition Programme (G-SAP 1.0).As announced in the RBI Governor s statement of May 5, the second tranche of G-sec .