On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct the following operations to inject liquidity into the banking system:

• 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.

2. Detailed instructions for each operation shall be issued separately.

3. The Reserve Bank will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly liquidity conditions.

(Brij Raj)            
Chief General Manager

Press Release: 2025-2026/1759