RBI plans to conduct Open Market Operations beneath G-SAP 2.0
On Wednesday, India’s central bank said that it will monitor open market operations of government securities. The OMO should around Rs. 25,000 crores. On 26th August, RBI plans to conduct the OMO under the G-sec Acquisition Programme ( G-SAP 2.0).
Further, the Reserve Bank governor said that the bank’s secondary market G-sec Acquisition Programme has been successful in anchoring capitulate expectations while bringing out keen responses from market participants.
“REMEMBER WHY YOU STARTED.”
Read: Bonds Market News
After the Monetary Policy Committee meeting, the RBI governor has announced other two disposals of Rs. 25,000 crore each under G-sec. On 12th August, the first one was conducted.
On 26th August, the bank intends to purchase around five government securities to Rs. 25,000 crores through multi-security disposal relating to the multiple price methods.
However, it also stated that the result of the auctions will announce on the same day.