RBI to purchase G-Secs worth Rs 35,000 crore under G-SAP 1.0 on May 20

By Pti9 days ago

MUMBAI: The RBI on Wednesday said the second purchase of government securities worth Rs 35,000 crore under the G-sec Acquisition Programme (G-SAP 1.0) will be done on May 20 for an orderly evolution of the yield curve as a fresh COVID-19 wave threatens to hit the economy.

The first purchase of Rs 25,000 crore last month received enthusiastic response from the market, Reserve Bank of India (RBI) Governor Shaktikanta Das said while announcing slew of measures to provide relief to various segments of economy hit by the second wave of the pandemic.

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RBI will do second purchase of government securities (G-secs) aggregating Rs 35,000 cr in two weeks, he said.

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