Page 14 - Acquisition Programme News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Government Securities prices tumble April 15, 2021   Government Securities (G-Sec) prices tumbled on Thursday as the Reserve Bank of India (RBI) purchased some of the securities under its G-Sec Acquisition Programme (G-SAP) at lower than the previous closing price. Yield up 11 basis points The price of the 10-year benchmark (carrying 5.85 per cent coupon), which was part of the open market purchase of G-Secs under G-SAP, plummeted about 82 paise to close at ₹98.01 (previous close ₹98.825), with its yield shooting up about 11 basis points to close at 6.1256 per cent (6.0114 per cent). Bon...

G-secs worth Rs 11,000 crore remain unsold in first auction of FY22 Top Searches G-secs worth Rs 11,000 crore remain unsold in first auction of FY22 TNN / Updated: Apr 10, 2021, 11:43 IST FacebookTwitterLinkedinEMail (Representative image) MUMBAI: Government securities (G-secs) worth nearly Rs 11,000 crore remained unsold in the first gilt auction of fiscal 2022. This indicates a revival of the tug of war between traders, who want higher yields, and the central bank which wants the opposite. Similar actions were seen during the last four months of the previous financial year. On the positive...

Dollar weakens as euro recovers Rupee tumbles after the Reserve Bank of India maintains status-quo on repo rates The US dollar remained under pressure all through the week as the Euro extended its recovery. It was the Indian rupee that stole the show with heightened and unexpected volatility. The rupee tumbled below 74 last week after the Reserve Bank of India’s monetary policy outcome on Wednesday. The currency fell to a low of 74.94 and closed at 74.74, down 2.2 per cent for the week. Policy outcome The RBI on Wednesday last week left the policy repo rate unchanged at 4 per cent. The trig...

Yields on the benchmark 10-year bond on Friday fell below 6 per cent for the first time in two months as expectations swirled around the G-Sec Acquisition Programme (G-SAP 1.0) of the Reserve Bank of India (RBI) which kicks off next Thursday. The programme is meant to stabilise yields that will enable the government to carry out its gargantuan Rs 12-lakh-crore borrowing programme for the year without disrupting the fund-raising plans of other companies. In the meantime, the RBI on Friday undertook a variable rate reverse repo (VRRR) auction that was meant to push up short-term yields leading ...

The 10-year bond yield fell below 6 per cent in intra-day trade on Friday after the Reserve Bank of India (RBI) committed to buying at least Rs 1 trillion of bonds from the secondary market. In the morning trade, the yield dropped to 5.97 per cent, but it climbed up to close at 6.02 per cent once it was found that the central bank had refused to sell a new 5-year benchmark paper at the rate demanded by the market. Instead, the RBI forced the primary dealers, or underwrites of the auction, to buy almost the entire stock of the new 5-year benchmark paper at 5.63 per cent.