There is no security wise limit, the RBI said The Reserve Bank of India (RBI) on Wednesday said it would buy securities
maturing between 2024 and 2035 in its second tranche of G-SAP programme.
The purchase will happen on May 20.
had said on May 5 that it will buy Rs 35,000 crore bonds from the market, including the benchmark 10-year bonds, under the Government Securities
Acquisition Programme (G-SAP) to soften yields.
There is no security wise limit, the RBI
Separately, the RBI
said it will convert/switch Rs 20,000 crore of short-term securities, maturing between 2022 and 2023) into long term securities
maturing between 2035 and 2061.