Reserve Bank of India will conduct open market purchase of Government Securities under the G-Sec Acquisition Programme (G-SAP 2.0) for an aggregate amount of 15,000 crore rupees on 23rd of September.
It was announced by RBI Governor at the Monetary Policy review meeting. Simultaneously, the bank will also sale Government Securities under Open Market Operations (OMO) for an aggregate amount of 15,000 crore rupees on the same day.
RBI has asked eligible participants to submit their bids/offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10.00 a.m. and 11.00 a.m. on the 23rd of September.
The result of the auctions will be announced on the same day.