The Reserve Bank of India (RBI) on review of prevailing liquidity and financial conditions announced a series of measures to inject liquidity into the banking system.
The central bank will conduct a 90-day Variable Rate Repo (VRR) operation of Rs 25,000 crore on January 30, 2026. In addition, RBI will hold a USD/INR buy/sell swap auction of USD 10 billion with a tenor of three years on February 4, 2026.
Further, the RBI will undertake open market operation (OMO) purchases of Government of India securities aggregating Rs 1 lakh crore in two tranches of Rs 50,000 crore each, scheduled for February 5, 2026, and February 12, 2026.
The central bank said detailed operational guidelines for each measure will be issued separately and added that it will continue to closely monitor evolving liquidity and market conditions to ensure orderly system liquidity.