The Reserve Bank of India will infuse $32 billion worth of rupee liquidity into the banking system over the next month via open market bond purchases and a buy/sell dollar-rupee swap, the central bank said on Tuesday.
The Reserve Bank will purchase government bonds worth Rs 2 lakh crore between December 29 and January 22 while also conducting a $10 billion dollar-rupee buy/sell swap on January 12.
In a press statement, RBI said, “OMO purchase auctions of Government of India securities for an aggregate amount of ₹2,00,000 crore in four tranches of ₹50,000 crore each to be held on December 29, 2025, January 05, 2026, January 12, 2026, and January 22, 2026.”
“USD/INR Buy/Sell Swap auction of USD 10 billion for a tenor of 3 years to be held on January 13, 2026.” the central bank added.
The Reserve Bank added that it will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly liquidity conditions.