In a 1st, RBI to buy Rs 1 lakh crore bonds in Q1

The Reserve Bank of India (RBI) has announced a government securities acquisition programme (G-SAP 1.0) where it has committed to buy bonds worth Rs 1 lakh crore in the first quarter. This unprecedented step has been taken by the central bank to keep interest rates in check as part of its efforts to support growth, which RBI governor Shaktikanta Das said was paramount.

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