As announced in Governor’s statement of June 04, 2021, the Reserve Bank 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 on September 23, 2021.
2. Accordingly, the Reserve Bank will purchase the following Government securities through a multi-security auction using the multiple price method:
Sr. No | ISIN | Security | Date of Maturity | Aggregate Amount |
1 | IN0020170174 | 7.17% GS 2028 | 08-Jan-2028 | ₹15,000 crore (There is no security-wise notified amount) |
2 | IN0020210095 | 6.10% GS 2031 | 12-Jul-2031 | |
3 | IN0020210020 | 6.64% GS 2035 | 16-Jun-2035 |
3. On a review of current liquidity conditions, the Reserve Bank has decided to conduct simultaneous sale of Government securities under Open Market Operations (OMO) for an aggregate amount of ₹15,000 crore on September 23, 2021.
4. Accordingly, the Reserve Bank will sell the following Government securities through a multi-security auction using the multiple price method:
Sr. No | ISIN | Security | Date of Maturity | Aggregate Amount |
1 | IN0020120013 | 8.15% GS 2022 | 11-Jun-2022 | ₹15,000 crore (There is no security-wise notified amount) |
2 | IN0020070028 | 8.08% GS 2022 | 2-Aug-2022 | |
3 | IN0020070051 | 8.13% GS 2022 | 21-Sep-2022 |
5. The Reserve Bank reserves the right to:
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decide on the quantum of purchase/sale of individual securities.
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accept bids/offers for less than the aggregate amount.
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purchase/sell marginally higher/lower than the aggregate amount due to rounding-off.
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accept or reject any or all the bid/offers either wholly or partially without assigning any reasons.
6. Eligible participants should submit their bids/offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on September 23, 2021. Only in the event of system failure, physical bids/offers would be accepted. Such physical bid/offer should be submitted to Financial Markets Operations Department (email; Phone no: 022-22630982) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before 11:00 am.
7. The result of the auctions will be announced on the same day and successful participants should ensure availability of funds/securities in their Current account/SGL account, as the case may be, by 12 noon on September 24, 2021.
(Yogesh Dayal)
Chief General Manager
Press Release: 2021-2022/891
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