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RBI Opens Liquidity Tap, Interest Rate Cut in Sight
Hindustan Times Thane|January 28, 2025
Forex, money market operations to infuse ₹1.5 lakh crore into system over time
- Gopika Gopakumar

MUMBAI: Relief arrived for India's parched banking system on Monday as the central bank rolled out measures to pump up liquidity, setting the stage for a potential interest rate cut next week. The Reserve Bank of India (RBI) announced a set of forex and money market measures that will collectively infuse ₹1.5 lakh crore over time, amid a clamour for liquidity support.

The central bank said it will purchase government securities (G-Secs) worth ₹60,000 crore through open market operations (OMOs) in three tranches of ₹20,000 crore each. Through this measure, RBI will purchase G-Secs from the open market and inject liquidity into the system. The OMO auctions will take place on January 30, and February 13 and 20.

This story is from the January 28, 2025 edition of Hindustan Times Thane.

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RBI Opens Liquidity Tap, Interest Rate Cut in Sight
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This story is from the January 28, 2025 edition of Hindustan Times Thane.

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