RBI will purchase government securities of Rs 40,000 crore on June 17

Reserve bank of India

The Reserve Bank of India (RBI) on June 10 announced the third tranche of Open Market Purchase of Government of India Securities and State Development Loans under G-sec Acquisition Programme (G-SAP 1.0).

Under this, the RBI will purchase government securities of Rs 40,000 crore on June 17, 2021. Of this, state development loans (SDLs) would be purchased up to Rs 10,000 crore, the RBI said in a release.

News Source:- Moneycontrol

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