India's central bank on Monday said it will double the quantum of security purchases under its next tranche of open market operation on February 13 to manage the liquidity deficit in the country's banking system.

The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The central bank forecast real GDP growth for next fiscal year at 6.

Projects FY26 inflation at 4.2%, GDP growth at 6.7%