RBI’s secondary market G-Sec buys at Rs 7,000cr

After months of speculation if the RBI will directly buy government bonds from the secondary market, the central bank looks to have settled it. In the week ended September 20, the RBI purchased government securities (G-Secs) worth nearly Rs 6,900 crore from the secondary market. This is its biggest weekly direct market purchase ever, excluding the open market operations (OMOs), which are done on a pre-planned basis.