New Delhi, Jan. 24 -- The Reserve Bank of India (RBI) on Friday announced measures to inject around Rs 2.15 lakh crore into the banking system between January 30 and February 12, 2026.

The steps come ahead of the financial year-end, when credit demand usually increases, and amid marginal surplus liquidity conditions.

The RBI said the measures are based on a review of current liquidity and financial conditions and are aimed at ensuring smooth market functioning.

The central bank will conduct a 90-day Variable Rate Repo (VRR) auction of Rs 25,000 crore on January 30, 2026. This is the first time the RBI is offering a VRR with a 90-day maturity; earlier, the longest tenure was 56 days.

It will also hold a USD/INR buy-sell swap auction of...