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 of the G-Secs for an aggregate amount of ₹35,000 crore under G-SAP 1.0 will be conducted on May 20, 2021,” RBI Governor Shaktikanta Das said.
The price of the benchmark 2030 G-Sec (carrying a coupon rate of 5.85 per cent) rose 26 paise to close at ₹99.07 (previous close: ₹98.81), with its yield declining below 6 per cent to close at 5.98 per cent (6.01 per cent). The bond prices and yields are inversely related and move in opposite directions. The first purchase of the G-Secs for
March WPI inflation at 8-yr high; economists see it in double digits in May business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
RBI seen leaving repo rate unchanged in first review of FY22
April 04, 2021
To persist with accommodative stance as recovery still tentative amid rising Covid cases The Monetary Policy Committee (MPC) is likely to leave the signal repo rate unchanged in the first bi-monthly Monetary Policy Review of 2021-22 as economic recovery is still tentative and retail inflation, though within the tolerance band, surged in February.
The six-member MPC has kept the repo rate (the interest at which the Reserve Bank of India provides liquidity to banks to overcome short-term mismatches) steady at 4 per cent in the last four bi-monthly Monetary Policy Reviews.
Govt s borrowing plan to mount pressure on G-Sec yields in H1 thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.