.jpeg)
₹50,000 Crore Boost: Reserve Bank of India Buys Government Bonds to Support Banking Liquidity
RBI: The RBI injected liquidity into the banking system on Monday by purchasing government bonds worth ₹50,000 crore through an open market operation (OMO). Additionally, the government bought back old bonds worth approximately ₹6,309 crore through a switch auction and issued new long-term bonds.
The Reserve Bank of India has injected ₹50,000 crore into the banking system on Monday by purchasing government securities under an open market operation. The RBI has announced this move in an official statement.
The RBI has purchased government securities of various maturities under an open market operation. These securities include:
- 6.33% GS 2035: ₹13,507 crore
- 6.01% GS 2030: ₹13,494 crore
- 6.10% GS 2031: ₹8,157 crore
- 7.30% GS 2053: ₹6,955 crore
- 7.18% GS 2033: ₹4,479 crore
- 6.92% GS 2039: ₹2,304 crore
- 6.19% GS 2034: ₹1,104 crore
According to the central bank, the banking system currently has a liquidity surplus of approximately ₹2.41 lakh crore. This OMO auction was announced in advance in view of the possibility of a large outflow from the banking system due to advance tax and GST payments this month. According to RBI data, since the beginning of the current calendar year, the central bank has injected liquidity worth approximately ₹2.50 lakh crore into the system through OMO purchases of government securities.
