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RBI to Print Rs 1 Lakh Crore to Keep Government Happy

What does GSAP entail? Like was the case with the Federal Reserve and the LSAP, the RBI will print money and buy government securities. For the first quarter of 2021-22 (April to June), the RBI has committed to buying government securities worth Rs 1 lakh crore. The first purchase under GSAP of Rs 25,000 crore will happen on April 15, later this month.

As the latest monetary policy report of the RBI released yesterday points out: “Yields spiked following the announcement of government borrowings of Rs12.05 lakh crore for 2021-22 and additional borrowing of Rs 80,000 crore for 2020-21.”

https://vivekkaul.com/2021/04/08/rbi-to-print-r...

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Soon Indian rupee will be competing Vietnamese Dong. Modi h to mumkin h.😜

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What’s new here? Rbi always does this via OMO.

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