RBI injects ₹50,000 crore liquidity through OMOs ahead of tax season.

RBI injects ₹50,000 crore liquidity through OMOs ahead of tax season. The Reserve Bank of India conducted open market operations on Friday to purchase government securities, injecting ₹50,000 crore into the inter-bank system. This move was strategically timed before advance tax and GST payments due later this month as the fiscal year concludes. The market had surplus liquidity estimated at ₹2.49 lakh crore on Thursday. India's benchmark 10-year bond yield remained stable at 6.68 percent, supported by the liquidity injection. The RBI received bids worth ₹1.08 lakh crore for the operation, purchasing various government securities across multiple maturity dates ranging from 2029 to 2046. Year-to-date, the RBI has infused ₹3.50 lakh crore through OMO operations.