RBI to carry out measures for banking system to manage liquidity conditions
Mumbai: The Reserve Bank of India on a strategic move for current liquidity and financial conditions has decided to conduct the following operations to inject liquidity into the banking system:
• 90-day Variable Rate Repo (VRR) operation for an amount of Rs 25,000 crore to be conducted on January 30, 2026.
• USD/INR Buy/Sell Swap auction of USD 10 billion for a tenor of 3 years to be
held on February 04, 2026.
• OMO purchase auctions of Government of India securities for an aggregate amount of Rs 1,00,000 crore in two tranches of Rs 50,000 crore each to be held on February 05, 2026, and February 12, 2026.
The Detailed instructions for each operation shall be issued separately, as per the RBI statement.
Earlier in Dec, 2025, the RBI has concluded Open Market Operation (OMO) purchase auctions of Government of India securities for an aggregate amount of Rs 2,00,000 crore (USD 22.34 billion) and Dollar Rupee (USD/INR) Buy/Sell Swap auction of $10 billion for a tenor of 3 years to inject liquidity into the banking system.
The Reserve Bank will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly liquidity conditions.