RBI to undertake G-SAP 2.0 operation in Q2FY22, to purchase G-Secs of ₹1.2 lakh crore
The Hindu
“The specific dates and securities under G-SAP 2.0 operations will be indicated separately,” RBI Governor Shaktikanta Das said.
The (RBI) has decided to conduct another operation under G-SAP 1.0 for purchase of G-Secs of ₹40,000 crore on June 17, 2021. Of this, ₹10,000 crore would constitute purchase of State Development Loans (SDLs). It has also been decided to undertake G-SAP 2.0 in Q2:2021-22 and conduct secondary market purchase operations of ₹1.20 lakh crore to support the market. “The specific dates and securities under G-SAP 2.0 operations will be indicated separately. We do expect the market to respond appropriately to this announcement of G-SAP,” RBI Governor Shaktikanta Das said.More Related News