RBI announces Open Market Purchase of Government of India Securities under G-sec Acquisition Programme (G-SAP 2.0) and Simultaneous Sale of Government of India Securities - RBI - Reserve Bank of India
RBI announces Open Market Purchase of Government of India Securities under G-sec Acquisition Programme (G-SAP 2.0) and Simultaneous Sale of Government of India Securities
As announced in Governor’s statement of June 04, 2021, the Reserve Bank will conduct open market purchase of government securities under the G-sec Acquisition Programme (G-SAP 2.0) for an aggregate amount of ₹15,000 crore on September 30, 2021. 2. Accordingly, the Reserve Bank will purchase the following government securities through a multi-security auction using the multiple price method:
3. On a review of current liquidity conditions, the Reserve Bank has decided to conduct simultaneous sale of government securities under Open Market Operations (OMO) for an aggregate amount of ₹15,000 crore on September 30, 2021. 4. Accordingly, the Reserve Bank will sell the following government securities through a multi-security auction using the multiple price method:
5. The Reserve Bank reserves the right to:
6. Eligible participants should submit their bids/offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on September 30, 2021. Only in the event of system failure, physical bids/offers would be accepted. Such physical bid/offer should be submitted to Financial Markets Operations Department (email; Phone no: 022-22630982) in the prescribed form obtainable from RBI website (/en/web/rbi/forms) before 11:00 am. 7. The result of the auctions will be announced on the same day and successful participants should ensure availability of funds/securities in their Current account/SGL account, as the case may be, by 12 noon on October 01, 2021. (Yogesh Dayal) Press Release: 2021-2022/915 |