The Reserve Financial institution of India (RBI) on Thursday mentioned it is going to buy 4 Authorities Securities (G-Secs) aggregating ₹20,000 crore below its G-sec Acquisition Programme (G-SAP 2.0) on July 22 to assist the market.
RBI will buy the G-Secs maturing between 2024 and 2029. This will likely be its second buy of G-Secs below G-SAP 2.0. The primary buy of 5 G-Secs, maturing between 2027 and 2033, aggregating ₹20,000 crore was carried out on July 8.
Underneath G-SAP 2.0, RBI has dedicated upfront to a certain quantity (₹1.20-lakh crore within the second quarter of FY22) of open market purchases of G-Secs to allow a steady and orderly evolution of the yield curve amidst comfy liquidity situations.