Lenders Urge RBI for Major OMO Intervention Indian lenders are actively lobbying the central bank to commit to open market operations (OMOs) ranging between **₹3-5 lakh crore**. This strategic push aims to address prevailing liquidity tightness in the banking system. The primary objective of this proposed capital injection is to soften bond yields. By lowering yields, banks anticipate a more favorable environment for accelerating credit growth across the economy. Economists Advise Caution on Rate Cuts Simultaneously, economists are advising the Reserve Bank of India to maintain a conservative stance on interest rate reductions. Market experts cited concerns regarding the reliability of current inflation and GDP statistics. Given this data uncertainty, the consensus among economists is to delay any rate cuts. They recommend waiting until updated, verified figures are released to ensure policy adjustments align with actual economic conditions.