INSUBCONTINENT EXCLUSIVE:
tranche of open market purchase of government securities (G-Secs) valued at Rs 40,000 crore under its G-Sec Acquisition Programme (G-SAP
1.0) on June 17.Out of this, the RBI said in a statement, state development loans (SDLs) would be purchased for up to Rs 10,000
crore.Accordingly, the Reserve Bank will purchase government securities and state development loans (SDLs) through a multi-security auction
and purchased Rs 25,000 crore worth G-Secs under first tranche on April 15.With the third tranche, the RBI will complete the Rs one lakh
crore target announced for G-SAP in the first quarter of 2021-22.RBI however reserves the right to decide on the quantum of purchase of
Also the central bank will use its discretion to accept bids for less than the aggregate amount and purchase marginally higher or lower than
the aggregate amount due to rounding-off.It can also accept or reject any or all the bids either wholly or partially without assigning any
reasons, the statement issued by RBI said.
