More Stories

Informist, Friday, Jan. 23, 2026

 

Please click here to read all liners published on this story

--RBI announces liquidity steps
--RBI: To hold 90-day VRR auction for INR 250 bln Jan 30
--RBI: To hold $10 bln, 3-year dlr-rupee buy-sell swap auction Feb 4 
--RBI: To buy gilts worth INR 1 tln via OMO auction in two tranches Feb
--RBI: To hold INR 500-bln OMO buy auction for gilts each on Feb 5, Feb 12
--RBI: Will continue to monitor evolving liquidity, mkt conditions 
--RBI: Will take apt measures to ensure orderly liquidity conditions

 

NEW DELHI – The Reserve Bank of India Friday announced several measures to infuse liquidity into the financial system. The central bank will conduct a 90-day variable rate repo operation on Jan. 30 and a dollar-rupee buy-sell swap auction as well as open market operation auctions to buy gilts in February.

 

The RBI will conduct a $10 billion, three-year dollar-rupee buy-sell swap auction on Feb. 4, which will infuse rupee liquidity into the banking system. It will also conduct auctions on Feb. 5 and Feb. 12 to buy gilts worth INR 500 billion at each through OMOs, the central bank said. The 90-day variable rate repo auction is the longest such operation the RBI has announced in recent years. It will be for INR 250 billion.

 

"The Reserve Bank will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly liquidity conditions," it said in a release.

 

Informist had exclusively reported earlier Friday that bond market participants had asked the RBI this week to infuse more liquidity through OMOs and long-term variable rate repo operations, with expectations of further swap auctions as well. In January so far, the RBI has infused INR 1.5 trillion of durable liquidity through OMO auctions as well as over INR 900 billion through a $10 billion, three-year dollar-rupee buy-sell swap auction. Even so, the daily banking liquidity surplus--as measured by the net liquidity absorbed by the central bank--was only INR 101.70 billion Thursday. Banks' net demand and time liabilities added up to INR 248.60 trillion as on Dec. 31. This makes the liquidity surplus less than 0.1% of banks' NDTL.

 

January's operations came on the back of an infusion of liquidity of nearly INR 2.0 trillion through OMO purchases and buy-sell swap auctions in December, which itself followed a cut of 1 percentage point in the cash reserve ratio that freed up around INR 2.4 trillion in liquidity for banks in the three months ending November. Despite these measures, the net durable liquidity surplus as on Dec. 31 was INR 3.44 trillion against INR 5.85 trillion as on May 30.  End

 

US$1 = INR 91.95

 

Reported by Aaryan Khanna

Edited by Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.