Acquisition programme - Latest News Update, Information, Photos & Videos on Acquisition programme at Lokmat Times

Mumbai, June 10 The Reserve Bank of India will conduct the third tranche of open market purchase of government securities worth Rs 40,000 crore under the G-sec Acquisition Programme (G-SAP 1.0) on June 17.The Reserve Bank will purchase government securities and state development loans (SDLs) through a multi-security auction using the multiple price method.Under the tranche, up to Rs 10,000 crore of SDLs will be purchased."The result of the auctions will be announced on the same day and successful participants should ensure availability of securities in their SGL account by 12 noon on June 18, 2021."The programme's third tranche was announced in Governor's statement of June 4, 2021.KS Legal & Associates Managing Partner Sonam Chandwani said: "The RBI announced the 'G-SAP 1.0' to manage the yield curve and it is important to note that G-SAP would be run alongside RBI's regular operations including 'LAF, OMOs and Operation Twist'. With a view to enabling a stable and orderly evolution of the yield curve, the RBI is likely to commit upfront purchases of government securities.""In addition to this, to ensure liquidity conditions move in accordance with RBI's cautionary stance in monetary policies, the apex bank will continue to deploy operations under 'LAF, reverse repo auctions, forex operations and OMOs'."Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Acquisition programme, Latest News

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