INSUBCONTINENT EXCLUSIVE:
RBI will buy government securities worth Rs 1.2 lakh crore between July-September 2021The Reserve Bank of India (RBI) will undertake an open
market purchase of government securities or G-Secs worth Rs 1.2 lakh crore under the G-Sec acquisition programme during the July-September
period.According to a statement issued by the Central bank, it will procure G-Secs through a multi-security auction and under the multiple
right to decide on the quantum of purchase of individual securities and also to accept bids for less than the aggregate amount.It also
system failure and these physical bids are to be submitted to the Financial Markets Operations Department of the RBI.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
the first quarter of the financial year 2021-22
The first auction of Rs 25,000 crore was held on April 15.
