SME Times News Bureau | 12 May, 2021
The RBI on Wednesday announced the second tranche of
Open Market Purchase of Government of India Securities under G-sec
Acquisition Programme (G-SAP 1.0).
As announced in the RBI
Governor's statement of May 5, the second tranche of G-sec purchase will
involve buying back securities of Rs 35,000 crore.
The Reserve
Bank will purchase the Government securities maturing between November
to March 2035. These securities bear coupon rate ranging from 5.85 per
cent to 7.17 per cent.
The securities will be bought through a multi-security auction using the multiple price method.
The
Reserve Bank has reserved the right to decide on the quantum of
purchase of individual securities as well as accept bids for less than
the aggregate amount.
The apex bank will either purchase
marginally higher/lower than the aggregate amount due to rounding-off.
It will also accept or reject any or all the bids either wholly or
partially without assigning any reasons.
