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With the launch of the retail direct mobile app, retail investors can now transact in G-Secs using the mobile app on their smartphones.
The Reserve Bank of India has announced the auction for the sale of Government Securities worth Rs 32,000 crore. The auction is scheduled to take place on Friday and it aims to facilitate the sale (re-issue) of Government Securities through a multiple price-based method.
The Reserve Bank of India on Friday decided to keep policy rate unchanged for the seventh time in a row and said that it remains vigilant towards upside risks to food inflation.
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Government securities, often referred to as G-secs, are debt instruments issued by both central and state governments to raise funds from the public