1/n Short thread on RBI’s new G-SAP bond purchase program based on views gathered:
— Ira Dugal (@dugalira) April 7, 2021
- There is a bit of a form over substance issue here.
- In substance, the GSAP is not very different from OMO. In form, it differs to the extent that it’s an upfront commitment.
via Twitter https://twitter.com/dugalira
April 07, 2021 at 08:46PM
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