The Reserve Bank of India (RBI) on Wednesday announced a set of measures to manage liquidity conditions in the banking system, following a review of prevailing liquidity and financial market conditions.

As part of the measures, the RBI will conduct Open Market Operation (OMO) purchase auctions of Government of India securities worth an aggregate ?2 lakh crore, to be carried out in four tranches of ?50,000 crore each. The auctions are scheduled for December 29, 2025; January 5, 2026; January 12, 2026; and January 22, 2026.

In addition, the central bank will conduct a USD/INR buy/sell swap auction of USD 10 billion with a tenor of three years on January 13, 2026.

The RBI said detailed operational instructions for each of these measures will be issued separately. It also reiterated that it will continue to closely monitor evolving liquidity and market conditions and take appropriate steps to ensure orderly liquidity conditions in the financial system.