Tag: G-sec Acquisition Programme

RBI, BFSI News, ET BFSI

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Mumbai: The Reserve Bank of India on Thursday said the next purchase of government securities for an aggregate amount of Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) will be conducted on July 22. On June 4, RBI Governor Shaktikanta Das had announced that the central bank will conduct the open market purchase of government securities of Rs 1.2 lakh crore under the G-SAP 2.0 in the second quarter of 2021-22 to support the market.

On July 22, the RBI will purchase four government securities of different maturities through a multi-security auction using the multiple price method.

The central bank said it reserves the right to decide on the quantum of purchase of individual securities, and purchase marginally higher/lower than the aggregate amount due to rounding-off.

The result of the auctions will be announced on the same day, it added.

The first purchase under G-SAP 2.0 aggregating to Rs 20,000 crore was conducted on July 8.

The RBI had conducted an open market purchase of government securities of Rs 1 lakh crore under the G-SAP 1.0 in the first quarter of 2021-22.



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Will buy 4 G-Secs aggregating ₹20,000 crore, says RBI

Banking & Finance

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Our Bureau The Reserve Bank of India (RBI) on Thursday said it will purchase four Government Securities (G-Secs) aggregating ₹20,000 crore under its G-sec Acquisition Programme (G-SAP 2.0) on July 22 to support the market.

Also read: 10-year G-Sec auction: RBI accepts bids at a higher cut-off yield of 6.10 per cent

RBI will purchase the G-Secs maturing between 2024 and 2029. This will be its second purchase of G-Secs under G-SAP 2.0. The first purchase of five G-Secs, maturing between 2027 and 2033, aggregating ₹20,000 crore was conducted on July 8.

Under G-SAP 2.0, RBI has committed upfront to a specific amount (₹1.20-lakh crore in the second quarter of FY22) of open market purchases of G-Secs to enable a stable and orderly evolution of the yield curve amidst comfortable liquidity conditions.

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RBI to conduct Rs 20,000 crore bond purchase on July 8, BFSI News, ET BFSI

Personal Finance

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Mumbai: The Reserve Bank of India (RBI) will conduct the open market purchase of government bonds worth Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on July 8.

The RBI said in a statement that it reserves the right to decide on quantum of purchase of individual securities, accept bids for less than the aggregate amount, purchase marginally higher/lower than the aggregate amount due to rounding off and accept or reject any or all the bids either wholly or partially without assigning any reasons.

On July 4, RBI Governor Shaktikanta Das had announced that the central bank will conduct the open market purchase of government securities of Rs 1.2 lakh crore under the G-SAP 2.0 in Q2 of the current financial year to support the market.

The next purchase under G-SAP 2.0 will be conducted on July 22 for Rs 20,000 crore. The government securities to be purchased in the auction will be communicated in due course, said the RBI.

The government raises money from the market to fund its fiscal deficit through dated securities and treasury bills.

The RBI has said it remains committed to use all instruments at its command to revive the economy by maintaining congenial financial conditions, mitigate the impact of Covid-19 and restore the economy to a path of sustainable growth while preserving macroeconomic and financial stability.



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