RBI withdraws $5.2 billion via first net open market debt sale in 9 years

RBI Accepts Full Rs 50,000 Crore in OMO Sale Amid Liquidity Surge from FCNR Inflows

Get latest articles and stories on Business at LatestLY. The Reserve Bank of India (RBI) has accepted bids for the entire notified amount of Rs 50,000 crore in its Open Market Operation (OMO) sale of government securities, a major liquidity absorption exercise that comes against the backdrop of large foreign currency non-resident deposit inflows into the banking system. Business News | RBI Accepts Full Rs 50,000 Crore in OMO Sale Amid Liquidity …

RBI withdraws $5.2 billion via first net open market debt sale in 9 years

The Reserve Bank of India has taken steps to absorb liquidity from the banking sector by selling bonds worth 500 billion rupees. This strategic move included the sale of securities with maturation dates slated between fiscal 2029 and fiscal 2032, marking the first net sale since November 2017. Consequently, an amount equivalent to nearly 0.2% of total deposits has been withdrawn from circulation.

RBI absorbs ₹2.40 lakh crore via VRRR auction amid huge surplus liquidity

The central bank received bids worth ₹2,39,959 crore, which it accepted fully, at a cut-off and weighted average rate of 5.24%

Reserve Bank of India sells 500 billion rupees in bonds to drain massive liquidity surplus

The Reserve Bank of India sold 500 billion rupees in bonds, its first net open market debt sale in nine years, to drain a record liquidity