Monetary policy: RBI to buy Rs 1.2 trillion in G-SAP for Sept quarter

The move impacted the sentiment a little bit and the 10-year bond yields rose 3 basis points from their previous close of 5.99 per cent

The Reserve Bank of India (RBI) will buy Rs 1.2 trillion of bonds from the secondary market under its government securities acquisition programme (G-SAP) for the second quarter, Governor Shaktikanta Das said on Friday.
 
This is in line with the expectation of the market participants who were hoping for at least a trillion-rupee purchase under G-SAP for the second quarter. The central bank has so far purchased Rs 60,000 crore of bonds of its Rs 1 trillion programme for the first quarter. The remaining Rs 40,000 crore of bonds will be purchased on June 17, the governor said in