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RBI Injects Rs 84K Cr Liquidity into Banking System
30 Mar
Summary
- RBI injected Rs 84,582 crore liquidity into the banking system.
- Two variable rate repo auctions were conducted by the central bank.
- Liquidity in the banking system is estimated to be in surplus.
The Reserve Bank of India (RBI) significantly bolstered the banking system's liquidity by injecting Rs 84,582 crore on Monday, March 30, 2026. This injection was facilitated through two variable rate repo (VRR) auctions conducted by the central bank.
The first auction, a three-day VRR, saw the RBI infuse Rs 50,001 crore. This operation had a cut-off rate of 5.34% and a weighted average rate of 5.44%. The central bank received bids amounting to Rs 57,287 crore, accepting Rs 50,001 crore of these bids.
A second auction later in the day injected an additional Rs 34,581 crore. This auction operated at a cut-off rate of 5.26% and a weighted average rate of 5.30%. Notably, the bids received for this second auction were below the notified amount.
As of March 27, 2026, the banking system's liquidity is estimated to be in surplus, with an approximate Rs 1.27 lakh crore available. This follows recent substantial liquidity infusions by the RBI, totaling Rs 2,73,530 crore over the preceding few days through various VRR auctions. Prior to this, since January 2026, the RBI had already introduced Rs 3.50 lakh crore of durable liquidity via open market purchase operations of government securities.
