India Macro, Economy & Public Policy › Sub-category
RBI Policy / Liquidity
27 articles
RBI Announces ₹18,159 Cr State Bond Auction
RBI to auction state government securities worth ₹18,159 crore across 7 states on April 7, 2026 via E‑Kuber platform.
Competitive bids accepted 10:30‑11:30 AM, non‑competitive bids 10:30‑11:00 AM; res
RBI Weekly: State Loans Rise 1,055 Cr
RBI weekly supplement (April 2026) reports state government loans and advances increased by ₹1,055 crore week‑on‑week, offsetting a ₹4,016 crore year‑on‑year decline.
Total reserves fell by ₹22,501 cr
RBI March 30 Money Market Liquidity -₹4.39 bn
Overnight money market volume reached ₹5,89,391.97 cr, weighted average rate 6.30% within a 0.01‑8.25% range.
Repo and related operations on March 30 injected net liquidity of –₹4,39,528 cr, indicatin
RBI 3-Day VRR Auction Allots ₹50,000 Cr
On March 30 2026, RBI held a 3‑day Variable Rate Repo auction, notifying a total amount of ₹50,000 crore to manage liquidity.
Total bids received ₹57,287 crore, with ₹50,001 crore allotted, achieving
RBI SCB Lending Rates Fall to 8.44%
Weighted average lending rate on fresh rupee loans fell to 8.44% in February 2026, down from 8.49% in January.
Weighted average lending rate on outstanding rupee loans declined to 9.00% in February 20
RBI Announces 3-Day VRR Auction ₹50,000 Cr
RBI conducted second 3‑day Variable Rate Repo auction on March 30 2026 with ₹50,000 crore notified amount.
Total bids received matched the full notified amount, with ₹34,581 crore allotted at a cut‑of
RBI Absorbs ₹1.27 Lakh Crore Liquidity
RBI's net liquidity injection (including today’s and outstanding operations) was –₹1,27,027.91 crore, indicating overall liquidity absorption.
Today's operations absorbed ₹3,03,517 crore, with MSF len
RBI Absorbs ₹1.27 Lakh Cr Liquidity
RBI's money market operations on March 29 showed zero overnight and term segment volumes, indicating no new repo/call money activity.
RBI injected -₹3.00 Lakh Cr today, outstanding ops added ₹1.73 Lak
RBI Money Market Ops: 6.83 Lakh Cr
RBI reported total overnight money market volume of ₹6,83,177.05 crore on March 27, 2026, with weighted average rate 5.45%.
Repo operation of ₹65,322 crore at 5.26% and MSF of ₹63 crore at 5.50% were
RBI Announces ₹50,000 Cr VRR Auction
RBI will hold a second 3‑day Variable Rate Repo auction on March 30 2026 under the Liquidity Adjustment Facility today.
The auction offers a notified amount of ₹50,000 crore with a three‑day tenor, wi
RBI VRR Auction Allots ₹65,322 Cr @5.26%
RBI conducted a 6‑day Variable Rate Repo auction on March 27 2026, notifying ₹75,000 crore.
Bids totalling ₹65,322 crore were fully allotted, matching the total bid amount received.
The cut‑off repo r
RBI Reports ₹6.77 Lakh Cr Overnight Money Market Volume
RBI reported total overnight money market volume of ₹6,77,172.58 crore with weighted average rate 5.24% (range 2.00‑6.80%).
Call money segment saw ₹13,511.07 crore at 5.30% average rate, range 4.20‑5.
RBI Absorbs ₹48.7bn Liquidity March 26
RBI's net liquidity injection from today's operations was a withdrawal of ₹2.19 bn, with overall net liquidity of –₹48.7 bn after outstanding operations.
Standing Deposit Facility (SDF) absorption amo
RBI State Sec Auction Raises ₹39,992 Cr
RBI announced results of state government securities auction on March 27, 2026, raising ₹39,991.958 crore of the ₹42,941 crore target.
Full subscription achieved for most states, with yields ranging f
RBI Unveils Payments Vision 2028
RBI issued Payments Vision 2028, extending strategic roadmap for payment systems through December 2028.
The vision comprises 15 initiatives targeting user empowerment, fraud prevention, cross‑border p
RBI Announces ₹42.9K Cr State Securities Auction
RBI released full auction results for state government securities on March 27, 2026, covering multiple states and tenors.
Total notified amount across all issues was ₹42,941 crore, with total allotmen
RBI VRR Auction 23 2026 – 79,256 Cr
RBI conducted a 1‑day Overnight Variable Rate Repo auction on 23 March 2026, notifying ₹1,00,000 crore.
Total bids received amounted to ₹79,256 crore, which were fully allotted, resulting in an all‑to
RBI March 20 Liquidity Injection ₹6,226 Cr
On March 20, RBI’s repo (₹25,101 cr) and SDF (₹1,88,379 cr) yielded a net liquidity injection of ₹6,225.64 cr, boosting overall market liquidity.
Overnight money market volume was ₹6,90,151 cr at 5.30
RBI Bulletin: Resilient GDP, Rising Inflation
RBI released March 2026 Bulletin with State of the Economy article amid global volatility from Middle East conflict and US trade probes.
Second advance GDP estimates for FY 2025‑26 show sustained resi
RBI Announces MPC Meeting Dates 2026-27
RBI released the schedule for Monetary Policy Committee meetings, outlining six sessions in 2026‑27 to guide policy decisions.
The meetings are set for early April, June, August, October, December 202
RBI Injects ₹65,395 Cr Liquidity March 22
RBI's net liquidity injection from all operations on March 22 amounted to ₹65,395.64 crore, reflecting overall market liquidity absorption in the Indian economy.
Today's MSF and SDF operations injecte
RBI Injects ₹65,936 Cr Liquidity via Repo
RBI's net liquidity injection (including today's and outstanding operations) amounted to ₹65,935.64 cr on March 21, 2026.
Standing Deposit Facility auction on March 21 supplied ₹1,32,072 cr at 5.00% r
RBI 3-Day VRR Auction ₹1 Lakh Cr
RBI conducted a 3‑day Variable Rate Repo auction on March 24 2026 with ₹1,00,000 crore notified amount.
Total bids received matched the notified amount at ₹55,837 crore, and the full amount was allott
RBI State Securities Auction Raises ₹54,834 Cr
On March 24 2026, RBI’s state securities auction attracted ₹54,834.402 crore in bids, short of the ₹57,408 crore target.
Gujarat secured the largest acceptance with ₹1,235 crore, while Karnataka recei
RBI Repo Volume 6.78 Lakh Cr, Liquidity
RBI's money market operations on March 23, 2026 recorded total overnight segment volume of ₹6,77,503.26 crore at 5.22% weighted average rate.
Net liquidity injection from today's operations was -₹2,00
RBI Publishes Reserve Money Data
RBI issued a press release on March 25 2026 publishing reserve‑money and money‑supply figures for the latest fortnight ending 15 March 2026.
The data sets are provided as Excel files named RM25032026_
RBI T‑Bill Auction Receives No Bids
RBI announced T‑Bill auction for 91‑day, 182‑day, 364‑day securities with total face values of ₹15,000 cr, ₹12,000 cr and ₹8,000 cr respectively.
No bids were received; cut‑off price and implicit yiel