The Reserve Bank of India conducted a ₹12,000 crore Open Market Operation (OMO) purchase in the secondary market to ease liquidity pressures amid volatile trading conditions. The intervention aims to stabilise short-term funding rates and support banking-system liquidity ahead of upcoming government borrowing. Market participants observed improved sentiment in segments of the bond market following the operation, though broader caution persists. Analysts expect additional liquidity management actions as the RBI balances inflation control with ensuring adequate system liquidity in a period marked by fluctuating global cues.