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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
Reserve Bank of India Governor Shaktikanta Das. The Central bank also announced G-SAP 2.0 which will help in calming yields and control undue volatility faced by market participants in the government securities market. Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said India’s forex reserves may have crossed record level of $600 billion on the back of robust capital flows. As per the RBI’s data issued on May 28, the country’s foreign exchange reserves rose by $2.865 billion to a record high of $592.894 billion for the week ended May 21, boosted by gold and currency ...
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said India's forex reserves may have crossed record level of USD 600 billion on the back of robust capital flows.
For the week ended May 21, boosted by gold and currency assets, the reserve was at USD 592.894 billion.
Under the programme, RBI commits upfront to a specific amount of open market purchases for an orderly yield curve.