Open Market Operations

Surplus liquidity has surged after RBI's special forex swap scheme, prompting the central bank to use bond sales to pull cash out of the banking system and realign overnight rates with its policy rate

10-year bond yield hits 7% after three months

Startup accelerator Y Combinator on Tuesday divested nearly a 1.2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 1,435 crore through an open market transaction. US-based Y Combinator through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19 per cent stake in Bengaluru-based Groww, as per the bulk deal data on the BSE. The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore. After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44 per cent from 8.63 per cent. Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange. Shares of Billionbrains Garage Ventures settled 2.52 per cent lower at Rs 193.70 apiece on the BSE on Tuesday. In May, Y Combinator sold a 1.45 per cent stake in Billionbrains Garage Ventures for Rs 1,642 crore through an open market ...

The market regulator also cleared a faster approval route for alternative investment funds and aligned norms for securitised debt instruments with RBI rules

Sebi proposes reintroducing open market buybacks as an additional route after tax changes, saying concerns over shareholder inequity have been addressed

The yield on the benchmark 10-year government bond hardened by 9 basis points to settle at 6.74 per cent

The 10-year benchmark yield rose to 6.69 per cent after the MPC held rates steady and the RBI refrained from announcing fresh OMOs, despite market expectations

After margin pressure and muted credit in 2025, banks enter 2026 with hopes of credit revival, stable asset quality and more investments, though funding and deposits remain key risks

The rupee breached the 90-per-dollar level amid sustained corporate dollar demand and FPI outflows, even as banking system liquidity turned surplus after two weeks

The RBI will buy government securities worth ₹50,000 crore in an OMO auction on January 5, 2026, as part of four equal tranches announced for late December and January

RBI rejected bids for the 7.18 per cent 2037 security as quoted prices were above market levels, but purchased ₹50,000 crore of gilts in line with the notified amount

The Reserve Bank of India will inject nearly Rs 3 trillion through open market operations and a USD/INR buy-sell swap to offset liquidity drained by forex intervention and seasonal factors

Net liquidity fell into deficit after seven weeks; net liquidity in the banking system was in a deficit of ₹68,586 crore on Wednesday

The shares were offloaded in the price range of Rs 1,040.31-1,041.56 apiece on the National Stock Exchange (NSE), taking the combined transaction value to Rs 1,790.41 crore

Additionally, the central bank also purchased ₹40,000 crore worth of government securities via the Open Market Operations (OMO) auction

Market participants said that the fall in overnight rates further weighed on OIS rates

The RBI has infused Rs 2.9 trillion via OMO auctions so far. It has also infused Rs 2 trillion via long-term variable rate repo (VRR) auctions

Banking system liquidity turned surplus after 4 months

The RBI's active intervention in the foreign exchange market to avoid sharp decline in rupee against the dollar has been weighing on the banking system liquidity

Banks bid 4.5x in Thursday's auction