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RBI to buy different maturity bonds under 1st quantitative easing plan
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SME Times News Bureau | 08 Apr, 2021
The Reserve Bank of India will purchase government
securities maturing between November 2023 and March 2035 under the
quantitative easing programme announced by Governor Shaktikanta Das
after the monetary policy committee (MPC) meeting on Wednesday.
In
order to ensure stable and orderly evolution of the yield curve amidst
comfortable liquidity conditions, the Reserve Bank of India pledged to
buy up to Rs 1 lakh crore of bonds in April-June quarter to keep
borrowing costs low and support the economy's recovery.
As per
the schedule, the debt purchases in the secondary market will start from
April 15, with RBI purchasing an aggregate amount of Rs 25,000 crore
under the secondary market G-sec acquisition programme or G-SAP 1.0
Under
the programme, the RBI will purchase G-Secs through a multi-security
auction using the multiple price method. The securities to be purchases
in the first tranche include 4.48 per cent GS 2023, 5.15 per cent GS
2025, 6.79 per cent GS 2027, 5.85 per cent GS 2030 and 6.22 per cent GS
2035.
The Reserve Bank will decide on the quantum of purchase of
individual securities and accept bids for less than the aggregate
amount. It will also exercise the right to purchase marginally
higher/lower than the aggregate amount due to rounding-off and also
accept or reject any or all the bids either wholly or partially without
assigning any reason.
The result of the April 15 G-Sec auctions will be announced on the same day.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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₹95.3
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₹93.6 |
UK Pound
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₹127.7
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₹123.7 |
Euro
|
₹110.65
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₹106.9 |
| Japanese
Yen |
₹59.75 |
₹57.9 |
| As on 24 Jun, 2026 |
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