The Reserve Bank on Monday said the first purchase of government securities for an aggregate amount of Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) will be conducted on July 8. On June 4, RBI Governor Shaktikanta Das had announced that the central bank will conduct open market purchase of government securities of Rs 1.2 lakh crore under the G-SAP 2.0 in the second quarter of 2021-22 to support the market. On Thursday (July 8), the RBI will purchase five government securities of different maturities through a multi-security auction using the multiple price method. The RBI said it reserves the right to decide on the quantum of purchase of individual securities, and purchase marginally higher/lower than the aggregate amount due to rounding-off. The result of the auctions will be announced on the same day, it added. The next purchase under G-SAP 2.0 will be conducted on July 22 for Rs 20,000 crore. The RBI had conducted open market purchase of government securiti
A weaker Rs, slower growth, and higher inflation could lead to investors focusing on export-oriented stocks
Doubts cast about G-Sap effectiveness at a the time when the Covid-19 surge is threatening to halt economic revival in the country
RBI said the first purchase of government securities worth Rs 25,000 crore under the G-sec Acquisition Programme will be done on April 15 with a view to enabling a stable evolution of the yield curve
Bankers gave a thumbs up to the clear commitment to liquidity infusion through the G-Sec Acquisition Programme (G-SAP) and other growth-enhancing measures by RBI
Conservative investors looking to lock in returns should opt for target maturity ETFs/index funds
The Indian bond market, which has been following the rise in US yields of late, should be able to temper its demand for higher yields
None can question the central bank's policy of leaning against the rising yield but the problem is with the way it is being done
"Unification of government bond and corporate bond markets is an idea whose time has come," Tyagi said while speaking at CRISIL's 6th bond market seminar
RBI devolves over Rs 20,000 crore in Rs 31,000-crore bond auctions
Retail investors need banks to play the role of market maker, facilitate KYC, and turn G-Sec into an FD-like product from the government
The central bank on Friday devolved nearly the entire bond auction on primary dealers, as the markets were demanding higher yields for five-year and 10-year bonds being sold
Holding instrument till maturity could help in tackling volatility
HNI participation may be gradual; mutual funds see little impact on fund flows
The government and RBI are working on inclusion of Indian sovereign bonds by the second half of the next fiscal, Economic Affairs Secretary Tarun Bajaj said on Wednesday.
Annuity products may switch to floating rates from fixed, which generally give lower returns to customers
While they hold no more than 5% of GOI debt stock jointly, their buying and selling stood out in 2020, when Centre and state govts expanded their market borrowing plans
"The result will be announced on the same day and payment by successful bidders will have to be made on August 24, 2020 (Monday)," RBI said
Bond dealers said the market wanted the RBI to offer them higher coupon for the switch, as the source security is maturing just next month.
FPI limit in corporate bonds raised; special series to enable inclusion in global indices