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G-sec acquisition programme
April 13 , 2021
1322 days
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- The Reserve Bank of India recently announced a Government Security Acquisition Programme, GSAP 1.0.
- Under the programme, the central bank will purchase government bonds of worth Rs 1 trillion (or one lakh crores of rupees).
- The first purchase of Rs 25,000 crore is to be made on April 15, 2021.
- The GSAP 1.0 will provide more comfort to the bond market.
- As the borrowing of the Government increased this year, RBI has to ensure there is no disruption in the Indian market.
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