RBI Bond Purchases And Forex Reserves Update As Of March 20

India’s central bank released key financial updates for March 20, 2026, highlighting bond purchases, foreign exchange reserves, and government borrowing status. The figures provide insights into liquidity management, external stability, and fiscal positioning.

Bond Purchases Under OMO
The RBI purchased bonds worth ₹500.10 billion under its open market operations. Such interventions are aimed at managing liquidity in the financial system and stabilizing yields, especially amid global market volatility.

Forex Reserves Movement
India’s forex reserves fell to $698.35 billion, compared to $709.76 billion in the previous week. The decline reflects currency valuation changes and possible intervention to manage rupee volatility. Despite the dip, reserves remain robust, supporting external stability.

Government Borrowing Status
The RBI confirmed that the federal government had no outstanding loans with it as of March 20. This indicates prudent fiscal management and reduced reliance on central bank financing.

Key Highlights

• RBI bought ₹500.10 billion bonds under OMO
• Forex reserves at $698.35 billion vs $709.76 billion earlier
• Decline reflects valuation changes and interventions
• Federal government had no outstanding loans with RBI
• Signals liquidity support and fiscal discipline

Sources: RBI release, Reuters, Economic Times