First purchase of G-secs on April 15, says RBI

first purchase of g secs on april 15 says rbi

Sumary of First purchase of G-secs on April 15, says RBI:

  • The RBI on Thursday said the first purchase of government securities (G-secs) worth Rs 25,000 crore under the G-sec Acquisition Programme (G-SAP 1.0) will be done on April 15 with a view to enabling a stable and orderly evolution of the yield curve..
  • After the Monetary Policy Committee meeting on Wednesday, Governor Shaktikanta Das announced that the RBI will conduct open market purchase of government securities (G-secs) of Rs 1 lakh crore under the G-SAP 1.0 in the first quarter of this financial year….

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