The Reserve Bank of India (RBI) will carry out open market purchase of government bonds worth ₹20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on Thursday. RBI governor Shaktikanta Das had said earlier this month that the bank will conduct these purchases to support the market. The next purchase for ₹20,000 crore is scheduled to take place on July 22. The second purchase of ₹35,000 crore took place on May 20. G-SAP is running alongside RBI's regular operations including Liquidity Adjustment Facility (LAF), open market operations (OMOs) and Operation Twist.

Source: Hindustan Times July 08, 2021 01:30 UTC