RBI to inject ₹1 lakh crore liquidity via OMOs, USD swap
The Reserve Bank of India announced Open Market Operation purchases of ₹1 lakh crore in government securities and a $5 billion USD/INR buy-sell swap this month. These measures aim to maintain sufficient liquidity in the banking system. This injection will mitigate a potential crunch due to upcoming advance tax payments, ensuring financial stability as stated by Governor Sanjay Malhotra.