Head of Treasury, ICBC
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Last updated Oct 6, 2026
As of October 2026: Expects ₹1 lakh crore more in OMO sales or a cash reserve ratio hike
By September 28, the Reserve Bank of India had sold the full ₹1 lakh crore in government bonds it announced on September 11 — its biggest annual net bond sale in more than a decade. Combined with dollar-rupee swaps, the sales cut the banking system's surplus cash from a record ₹11.16 lakh crore to ₹4.92 lakh crore by September 21.
Updated Oct 6
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