India, Dec. 12 -- The Reserve Bank of India on Thursday infused Rs 50,000 crore into the financial system through Open Market Operation (OMO) purchases of government securities.
The RBI noted that against the notified amount of Rs 50,000 crore, the auction received offers totalling Rs 1,11,615 crore, reflecting strong market participation.
Earlier this month, the central bank had announced plans to conduct OMO purchases worth Rs 1 lakh crore, scheduled in two tranches of Rs 50,000 crore each on December 11 and December 18, 2025.
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