• Action: The Reserve Bank of India (RBI) purchased government bonds in the secondary market, injecting liquidity into the banking system.
• Purchase Amount: ₹124.70 billion (~$1.41 billion) net, in the week ending November 7.
• Bidding Activity: RBI participated in 3 of the 4 reporting sessions.
• Settlement: Screen-based purchases settle one day after the trade.
• Exchange Rate: $1 ≈ ₹88.74

Implication:

• This move adds liquidity to banks, potentially supporting lending and easing short-term money market pressures.
• Resumption after a six-month hiatus signals RBI’s focus on managing interest rates and financial stability.