The Reserve Bank of India announced the injection of ₹80,000 crore by buying government securities citing “evolving liquidity conditions,” according to a statement on April 1.

The open market operation would be made in four tranches of ₹20,000 crore each on April 3, April 8, April 22 and April 29 2025. “The Reserve Bank will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly liquidity conditions,” the RBI said in the statement. 

The decision comes a month after an announcement to purchase government securities worth of ₹ 1 lakh crore in early March.  The move comes at a time of concerning levels of liquidity deficit in the banking system, although there are signs of easing. 

As of March 27, banking sector liquidity was at ₹13,000 crore according to data from Kotak Institutional Equities.