The Reserve Bank of India (RBI) on Wednesday announced that it will inject ₹50,000 crore into the banking system through Open Market Operation (OMO) purchases of government securities.
According to the central bank, the auction will take place on March 13 between 9:30 am and 10:30 am, as part of efforts to maintain adequate liquidity in the financial system.
Part of ₹1 Lakh Crore Liquidity Plan
The latest move forms part of the RBI’s ₹1 lakh crore OMO purchase programme announced earlier on March 6.
The first auction under the plan was conducted on March 9, during which the central bank infused ₹50,000 crore into the banking system through the purchase of government securities.
Government Securities to Be Purchased
During the March 13 auction, the RBI will purchase several government securities, including:
- 6.45% GS 2029
- 7.95% GS 2032
- 6.79% GS 2034
- 6.64% GS 2035
- 7.41% GS 2036
- 7.62% GS 2039
- 7.06% GS 2046
Such Open Market Operations involve the central bank buying government bonds from the market to inject liquidity into the banking system.
Banking System Liquidity in Surplus
Currently, liquidity in the banking system is estimated to be in surplus of around ₹2.74 lakh crore, according to RBI data.
The OMO auction has been announced ahead of anticipated liquidity outflows, mainly due to advance tax payments and Goods and Services Tax (GST) settlements expected later this month.
RBI’s Liquidity Support This Year
The central bank has been actively supporting liquidity conditions in 2026.
According to RBI data, the institution has already infused about ₹3 lakh crore through OMO purchases of government securities since the beginning of the calendar year.