In view of the evolving liquidity conditions and the outlook, the Reserve Bank has decided to conduct OMO (open market operation) purchases of government securities of ₹1 lakh crore and a 3-year USD/INR Buy Sell swap of $5 billion later this month to inject durable liquidity into the system.

“I would like to reiterate that we are committed to provide sufficient durable liquidity to the banking system... We continuously assess the durable liquidity requirements of the banking system due to changes in currency in circulation, forex operations, and reserve maintenance. Going forward too, we shall continue to do so,” Governor Sanjay Malhotra said.

The RBI, in a statement, said it will conduct OMO purchase auctions of Government Securities (G-Secs) for an aggregate amount of ₹1 lakh crore in

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