BANK NEWS
RBI to conduct 3rd tranche of bond buying worth Rs 40,000 crore under GSAP 1.0 on June 17
The result of the auctions will be announced on the same day and successful participants should ensure the availability of securities in their SGL account by 12 noon on June 18
New Delhi: The Reserve Bank of India (RBI) is set to conduct the third tranche of open market purchase of government securities of Rs40,000 crore under the G-sec Acquisition Programme (G-SAP 1.0) on June 17, 2021.
From the total, the state development loans (SDLs) would be purchased up to Rs 10,000 crore
Accordingly, RBI will purchase government securities and state development loans (SDLs) through a multi-security auction using the multiple price method.
The result of the auctions will be announced on the same day and successful participants should ensure the availability of securities in their SGL account by 12 noon on June 18, 2021.
In April 2021 monetary policy, RBI had announced to conduct the open market purchase of government securities of Rs1 lakh crore under G-SAP 1.0 in the first quarter of FY22 to enable a stable and orderly evolution of the yield curve.
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