RBI's Third Tranche Open Market Buy Of Government Securities On June 17

With the third tranche, the RBI will complete the Rs one lakh crore target announced for G-SAP in the first quarter of 2021-22.

The Reserve Bank of India (RBI) on Thursday said that it will conduct the third tranche of open market purchase of government securities (G-Secs) valued at Rs 40,000 crore under its G-Sec Acquisition Programme (G-SAP 1.0) on June 17. Out of this, the RBI said in a statement, state development loans (SDLs) would be purchased for up to Rs 10,000 crore. Accordingly, the Reserve Bank will purchase government securities and state development loans (SDLs) through a multi-security auction using the multiple price method.  Under the second tranche, the RBI had purchased Rs 35,000 crore worth G-Secs under the G-SAP 1.0 on May 20 and purchased Rs 25,000 crore worth G-Secs under first tranche on April 15.