On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct the following operations to inject liquidity into the banking system:

• OMO purchase auctions of Government of India securities for an aggregate amount of INR 2,00,000 crore (approximately $24.1 billion) in four tranches of INR 50,000 crore each (approximately $6.0 billion each) to be held on December 29, 2025, January 05, 2026, January 12, 2026, and January 22, 2026.
• $/INR Buy/Sell Swap auction of $10 billion for a tenor of 3 years to be held on January 13, 2026.

Detailed instructions for each operation shall be issued separately.

The Reserve Bank will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly liquidity conditions.

Re-disseminated by The Asian Banker