The Reserve Bank of India (RBI) on Monday (March 23) infused ₹79,256 crore of transient liquidity into the banking system through an overnight variable rate (VRR) auction.The RBI injected the funds at cut-off and weighted average rates of 5.26%, the central bank said in a release.
The liquidity injected was much lower than the notified amount of ₹1 lakh crore, despite the sharp drop in surplus liquidity in the banking system due to advance tax payments.
Currently, liquidity in the banking system is estimated to be in deficit of about ₹65,395.64 crore as on March 23.On March 20, the central bank had infused ₹25,101 crore transient liquidity in the banking system through a three-day VRR auction.Also read: Rupee slumps to a record low of 93.94 against US Dollar on inflation, war worriesOn March 17, the RBI injected ₹48,014 crore liquidity into the banking system via seven-day VRR.Prior to this, the RBI infused ₹3.50 lakh crore of durable liquidity into the banking system through open market purchase (OMO) of government securities since January 2026.
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