 "RBI, Reserve Bank of India")
The Reserve Bank of India (RBI) will be buying bonds maturing between 2026 and 2035 in its third tranche of the G-sec Acquisition Programme (G-SAP).
The total size of the G-SAP programme would be Rs 40,000 crore, including Rs 10,000 crore of state development loans. The RBI will be buying bonds of 20 states in the G-SAP, which will be held on June 17. Out of its Rs 1 trillion reserved for this quarter, the RBI has already bought Rs 60,000 crore of bonds through two auctions.
In G-SAP, the RBI commits to buy bonds and doesn’t cancel the auction
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