RBI OMO Bids Hit ₹70,144 Crore, 3.5x Notified Size
Why in the news
Investors queued up for the central bank’s bond-buying auction, attracted by fairly priced securities.
Key facts
- The 7.23% 2039 bond (longest maturity) had the top allocation.
- The 2034 bond drew many bids at one cutoff, so only 38.2% were accepted.
| Liquidity indicator | Reading |
|---|---|
| Injected since December 2024 | ₹6.6 lakh crore |
| January 2025 | Deficit above ₹3 lakh crore |
| April 2025 daily average | Surplus near ₹1.7 lakh crore |
Outlook
- More steps expected in H2 FY26; IDFC First Bank sees ₹3-₹4 lakh crore of infusion, while Nomura expects announcements soon.
Exam angle
- Tools: CRR cuts, OMO purchases, dollar-rupee swaps.