India, March 6 -- The Reserve Bank of India (RBI) has announced measures to manage liquidity conditions in the banking system. As part of its efforts, the central bank will conduct Open Market Operations (OMO) through the purchase of Government of India securities totaling Rs 1,00,000 crore. These purchases will be carried out in two tranches of Rs 50,000 crore each on March 12, 2025 (Wednesday) and March 18, 2025 (Tuesday).
Additionally, the RBI will conduct a USD/INR Buy/Sell Swap auction worth USD 10 billion with a tenure of 36 months on March 24, 2025 (Monday).
Detailed guidelines for each operation will be issued separately. The RBI has reaffirmed its commitment to closely monitoring liquidity and market conditions, taking necessary ...