The Reserve Bank of India (RBI) has announced 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 Rs10,000cr.
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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( With inputs from indiainfoline)