RBI to undertake G-SAP 2.0 operation in Q2FY22, to purchase

RBI to undertake G-SAP 2.0 operation in Q2FY22, to purchase G-Secs of ₹1.2 lakh crore


RBI Governor Shaktikanta Das. File
  | Photo Credit: The Hindu
“The specific dates and securities under G-SAP 2.0 operations will be indicated separately,” RBI Governor Shaktikanta Das said.
The Reserve Bank of India (RBI) has decided to conduct another operation under G-SAP 1.0 for purchase of G-Secs of ₹40,000 crore on June 17, 2021. Of this, ₹10,000 crore would constitute purchase of State Development Loans (SDLs).
It has also been decided to undertake G-SAP 2.0 in Q2:2021-22 and conduct secondary market purchase operations of ₹1.20 lakh crore to support the market. “The specific dates and securities under G-SAP 2.0 operations will be indicated separately. We do expect the market to respond appropriately to this announcement of G-SAP,” RBI Governor Shaktikanta Das said.

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