RBI to buy Rs 5,000 cr of bonds from secondary market under G-SAP on Aug 26

The Reserve Bank of India (RBI) on Wednesday said it would buy Rs 5,000 crore of bonds from the secondary market under its Govern­ment Securities Acquisition Programme (G-SAP) on August 26.

The bonds that the RBI plans to buy mature between 2026 and 2035, including the benchmark 5-year and 14 year bonds. Buying 'on the run' papers, helps in bringing down yields in the market.