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

Mumbai, April 8

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. “The first purchase of government securities for an aggregate amount of Rs 25,000 crore under G-SAP 1.0 will be conducted on April 15, 2021,” the RBI said. PTI