The RBI has announced to conduct an open market purchase of government securities worth Rs 25,000 crore. This would notably be the first purchase of government securities under the G-sec Acquisition Programme. Accordingly, the first open-market purchase of Govt Securities worth Rs 25,000 crore will be conducted on April 15, 2021. In April 2021 monetary policy, RBI had announced to conduct the open market purchase of government securities of Rs1 lakh crore under G-SAP 1.0 in the first quarter of FY22 to enable a stable and orderly evolution of the yield curve. As per Central Banks notifications, the eligible participants should submit their bids in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on April 15, 2021. Only in the event of system failure, physical bids would be accepted. The result of the auctions will be announced on the same day and successful participants should ensure the availability of securities in their SGL account by 12 noon on April 16, 2021.
MId Session: Stocks come off day's high; pharma shares rise
Direct Tax collection surpasses at Rs 9.45L cr in FY21, beat revised estimates
Siemens signs MoU with Hinduja Group for electric vehicles charging infrastructure