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Home / Business / Second leg of G-SAP sale on May 20

Second leg of G-SAP sale on May 20

After the MPC meeting last month, it was announced that the RBI will conduct open market purchases of government securities of Rs 1 lakh crore
Reserve Bank of India.

PTI   |   Mumbai   |   Published 13.05.21, 02:12 AM

The Reserve Bank of India on Wednesday said the second tranche of open market purchase of government securities worth Rs 35,000 crore under the G-Sec Acquisition Programme (G-SAP 1.0) will be conducted on May 20 to enable a stable and orderly evolution of the yield curve.

After the Monetary Policy Committee meeting last month, governor Shaktikanta Das had announced that the RBI will conduct open market purchases of government securities of Rs 1 lakh crore under the G-SAP 1.0 in the first quarter of the financial year 2021-22.

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The first such auction of Rs 25,000 crore was held on April 15.

“The Reserve Bank will conduct the second tranche of open market purchase of government securities of Rs 35,000 crore under the G-sec Acquisition Programme (G-SAP 1.0) on May 20, 2021,” the central bank said in a statement.

On May 20, the RBI will purchase seven government securities of different maturities amounting to Rs 35,000 crore. There will be no security-wise notified amount.

Sovereign gold bonds

The first tranche of Sovereign Gold Bonds 2021-22 will be open for subscription for five days from Monday, the finance ministry said in a statement. The bonds will be issued in six tranches from May 2021 to September 2021, it said on Wednesday.

The subscription period for 2021-22 Series I will be May 17-21, and the bonds will be issued on May 25. 



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