RBI announces fresh Rs 50,000 cr auction under G-sec Acquisition Programme 2.0

Reserve Bank of India (RBI) on Friday announced that under the G-sec Acquisition Programme (G-SAP 2.0), it is going to conduct two more auctions of Rs 25,000 crore each for open market purchase of government securities. RBI Governor Shaktikanta Das while virtually addressing the Monetary Policy Committee meeting said that the fresh auctions would be conducted on August 13 and August 26. RBI also stated, “As announced in Governor’s statement of August 06, 2021, the Reserve Bank will conduct open market purchase of government securities of ₹25,000 crore on August…

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