In April, RBI Governor Shaktikanta Das had said that the RBI will conduct open market purchase of government securities of Rs 1 lakh crore under the G-SAP 1.0 in first quarter of the financial year 2021-22.
The Reserve Bank of India will conduct the third tranche of open market purchase of government securities worth Rs 40,000 crore under the G-sec Acquisition Programme (G-SAP 1.0) on June 17.The Reserve Bank will purchase government securities .
The Reserve Bank will purchase government securities and state development loans (SDLs) through a multi-security auction using the multiple price method.Unde
‘No talk of change in policy stance’
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‘No talk of change in policy stance’
TNN / Jun 5, 2021, 04:00 IST
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When will RBI start normalising the monetary policy?
It is too premature to talk about normalisation. There is no thinking on normalising the policy stance at the moment. Our inflation projection has gone up from 5% to 5.1%, which is not significant.
Should the government shift some spending from capital expenditure to boost demand?
This question should be for the government. We are only in May, there are still 10 months in the year for the government to start spending. Capital expenditure has been increased by 30% that is also demand-creating. While rural and urban demand has been dented, the second wave has also moderated, and we expect it to be confined to the first quarter. I expect demand to pick up when restrictions are lifted.
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