The Reserve Bank of India (RBI) on January 12 have injected Rs 50,000 crore into the banking system through purchase of government securities via Open Market Operation (OMO) Purchase.
The central bank purchased Rs 9,123 crore worth of 7.04% GS 2029 bonds, Rs 9,637 crore of 6.79% GS 2031, Rs 3,054 crore worth of 8.32% GS 2032, Rs 1,255 crore worth of 7.1% GS 2034, Rs 14,862 crore worth of 6.64% GS 2035, Rs 10,069 crore worth of 7.18% GS 2037, and Rs 2,000 crore worth of 7.3% GS 2053, RBI said in a release.
Currently, the banking system is estimated to be in surplus of around Rs 29,872.34 crore as on January 11, as per RBI data.
On December 23, the RBI had announced additional measures such as conduct of Open Market Operation (OMO) purchase of governments securities and USD/INR Buy/Sell swap auction to inject durable liquidity to the banking system after review of current liquidity and financial conditions.
The central bank said it will conduct Rs 2 lakh crore OMO purchase auctions of Government of India securities in four tranches of Rs 50,000 crore each. These auctions will take place on December 29, 2025, January 05, 2026, January 12, 2026, and January 22, 2026, release said.
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