India Macro, Economy & Public Policy › Sub-category
RBI Policy / Liquidity
79 articles
The Reserve Bank of India (RBI) continues to actively manage liquidity through a series of auctions and operations. Recent announcements detail upcoming Treasury Bill auctions, State Government Securities auctions, and Variable Rate Repo (VRR) offerings, totaling significant amounts across various tenors. These actions, alongside weekly statistical supplements revealing fluctuations in reserves, deposits, and money supply, underscore the RBI’s ongoing efforts to maintain financial stability and influence market rates. Investors should monitor these liquidity management tools as indicators of the RBI’s policy stance and potential impacts on borrowing costs and overall market conditions.
RBI Announces ₹24,000 Cr Treasury Bill Auction
RBI will auction Treasury Bills totalling ₹24,000 crore across 91‑day, 182‑day and 364‑day tenors.
The 182‑day and 364‑day bills are scheduled for auction on July 8 2026 with settlement on July 9 2026
RBI Announces ₹21,350 Cr State Securities Auction
RBI will auction State Government Securities worth ₹21,350 crore across 13 states on July 7, 2026 via the E‑Kuber platform.
Both competitive (10:30‑11:30 am) and non‑competitive (10:30‑11:00 am) bids
RBI Announces GS 2036 Auction ₹34,000 Cr
RBI released full auction results for Government Stock 2036 with a notified amount of ₹34,000 crore.
Competitive bids totaled ₹83,440.041 crore from 430 bidders, of which 171 bids worth ₹33,962.384 cr
RBI Weekly Stats: ₹5.1L Cr Reserve Drop
RBI weekly statistical supplement (July 3, 2026) reports total reserves fell by ₹51,500 crore week‑on‑week and ₹259,355 crore year‑to‑date.
Aggregate deposits of scheduled commercial banks declined ₹1
RBI Announces ₹75,000 Cr VRR Auction
RBI will conduct a Variable Rate Repo auction on July 6, 2026 under the Liquidity Adjustment Facility.
The auction will offer ₹75,000 crore for a 3‑day tenor, with bidding window from 09:30 to 10:00 A
RBI Money Market Ops July 2026: ₹6.77 Lakh Cr
RBI reported total overnight money market volume of ₹6,77,082.16 crore on July 2 2026, with a weighted average rate of 5.11%.
Call money volume was ₹16,996.11 crore at 5.27% (range 4.20‑5.35%); Tripar
RBI to Run ₹125,000 Cr VRR Auction
RBI will conduct a two‑day Variable Rate Repo auction under the Liquidity Adjustment Facility on July 1, 2026.
The auction will offer a notified amount of ₹1,25,000 crore with a 2‑day tenor, window 09
PM Modi Launches ₹18,880 Crore PM-KISAN Installment
Prime Minister Modi to release 23rd PM-KISAN installment of ₹18,880 crore to 9.44 crore farmers nationwide on June 20.
Launch of Pradhan Mantri Fasal Bima Yojana targeting 1.10 crore farmers with ₹28,
RBI Money Market Operations June 26
RBI reported zero volume in overnight money market segments on June 26, 2026, with weighted average rates at 0.00%.
LAF, MSF and SDF operations injected -1,24,008 crore rupees today, with total net li
RBI 2026 Money Market Liquidity ₹1.13 Lakh Cr
RBI released money market operations data for 25 June 2026, detailing volumes, rates, and liquidity positions across overnight and term segments.
Overnight segment volume reached ₹6,65,304.77 crore wi
RBI VRR Auction Allots ₹75k Cr @5.26%
RBI conducted a 2‑day Variable Rate Repo auction on June 29 2026 with a notified amount of ₹75,000 crore.
Bids totalling ₹76,275 crore were received, and ₹75,021 crore were allotted, representing 98.0
RBI Announces ₹75,000 Cr Overnight VRR Auction
RBI will conduct an overnight Variable Rate Repo auction under the Liquidity Adjustment Facility on June 30, 2026.
The auction will offer a notified amount of ₹75,000 crore for a one‑day tenor, with b
RBI Money Market Ops June 28 2026 Liquidity
RBI reported zero volume in overnight and term money market segments on June 28, 2026, with weighted average rates at 0.00%.
MSF on June 28 injected ₹551 cr at 5.50%, while SDF absorbed ₹1,23,227 cr a
RBI Money Market Operations June 27 2026
All money market segments (overnight, term) recorded zero volume and rates on June 27, 2026.
RBI injected net liquidity of ₹40,787.89 crore (including outstanding and today’s operations) while absorbi
RBI Weekly Statistical Supplement 26‑Jun‑2026
RBI weekly statistical supplement released 26 June 2026 shows total reserves fell by ₹4,245.7 crore week‑on‑week to ₹6,346,007 crore.
Aggregate deposits of commercial banks declined by ₹1.605 crore cr
RBI VRR Auction Allots ₹16,800 cr @5.26%
RBI conducted a 4‑day Variable Rate Repo auction on June 25 2026 with a notified amount of ₹50,000 crore.
Total bids received amounted to ₹16,800 crore, which matched the full amount allotted by the R
RBI Announces ₹336,000 Cr Treasury Bill Schedule
• RBI releases calendar for Treasury Bill auctions for July‑September 2026, with weekly auctions of 91‑day, 182‑day, and 364‑day bills.
• Each auction will issue ₹9,000 cr of 91‑day, ₹8,000 cr of 182‑
RBI Announces ₹24,000 Cr Treasury Bill Auction
RBI issued auction notice for 91‑day, 182‑day and 364‑day Treasury Bills totaling ₹24,000 crore.
The 182‑day and 364‑day bills will be auctioned on July 01 2026 with settlement on July 02 2026.
Retail
RBI Announces ₹75,000 Cr VRR Auction
The RBI announced a Variable Rate Repo auction under the LAF to be held on Monday, 29 June 2026.
The notified amount for the auction is ₹75,000 crore with a two‑day tenor and a bidding window from 9:3
RBI Releases Fortnightly Money Supply Data
RBI published its fortnightly money supply figures for the period ending 15 June 2026, released on 25 June 2026 as part of its regular monetary statistics reporting.
The release is identified as Press
RBI Releases Reserve Money Data June 2026
The Reserve Bank of India published reserve money figures for the fortnight ending 15 June 2026.
The release is identified as Press Release 2026-2027/532 and issued by Deputy General Manager Ajit Pras
RBI Injects ₹14,824 Crore Liquidity June 2026
RBI reported total money market volume of 6.98 lakh crore rupees with weighted average rate of 5.26% on June 23, 2026.
Repo operation of ₹1,41,171 crore at 5.26% tenor 7 days and MSF of ₹1,048 crore a
RBI 91-182-364 Day T-Bill Auction Yields 5.2-5.6%
RBI released the 24 June 2026 auction results for 91‑day, 182‑day and 364‑day Treasury Bills with total face values of 12,000 crore and 6,000 crore respectively.
Cut‑off price for 91‑day T‑Bill was 98
RBI Money Market Volume 6.82 Lakh Cr
RBI released money market operations data for 22 June 2026, detailing volumes, rates, and liquidity adjustments across segments.
Overnight segment total volume reached ₹6,82,283.09 crore with a weight
State Govt Securities Auction June 2026 ₹30k Cr
RBI released full auction results for state government securities on June 23, 2026 covering multiple states and tenors.
Total notified amount across all issues is roughly ₹30,000 crore, with competiti
RBI 7-Day VRR Allots ₹141,171 Cr @5.26%
RBI conducted a 7‑day Variable Rate Repo auction on 23 June 2026 with a notified amount of ₹200,000 crore.
Total bids received amounted to ₹141,171 crore, which was fully allotted, matching the bid vo
GoI Dated Securities Auction ₹28,000 Cr
Government of India re‑issues two dated securities totaling ₹28,000 crore, ₹17,000 crore 6.68% GS 2040 and ₹11,000 crore 7.43% GS 2076.
Auction will be conducted on June 25 2026 via RBI’s e‑Kuber syst
RBI June 2026 Money Market Liquidity ₹147kCr
RBI reported total overnight money market volume of ₹15,911.44 crore with weighted average rate 5.02% (range 4.70-5.25%).
Repo operations dominated overnight segment with ₹15,083.50 crore at 5.03% ave
RBI Money Market Liquidity Absorption ₹1.35L Cr
RBI reported total overnight segment volume of 16,357.79 crore rupees with weighted average rate 5.13% and range 4.00‑5.40%.
Term segment volumes included 4,80,107.25 crore in Triparty Repo and 1,51,3
RBI June 2026 Money Market Liquidity -₹1.44L
RBI reported net liquidity injection of -₹1,43,642 crore on June 21, 2026, indicating overall liquidity absorption.
Standing Deposit Facility (SDF) injected ₹1,44,129 crore at 5.00% rate, while Margin
RBI VRR Auction 5.26% Cutoff, 36,300 Cr
RBI announced results of overnight variable rate repo auction held on June 22, 2026.
The notified amount was ₹125,000 crore, but bids received totaled ₹36,300 crore, which were fully allotted.
The cut
RBI Announces ₹16,900 Cr State Securities Auction
RBI scheduled auction of state government securities totaling ₹16,900 crore on June 23, 2026 via E‑Kuber platform.
Auction covers re‑issues from Bihar, Chhattisgarh, Kerala, Madhya Pradesh, Tamil Nadu
RBI VRR Auction Allots ₹16,750 Cr @5.26%
RBI conducted a 3‑day Variable Rate Repo auction on June 19 2026 with a notified amount of ₹100,000 crore.
Total bids received amounted to ₹16,750 crore, which were fully allotted at a cut‑off and wei
RBI Money Market 6.66 Cr, 5.09% Rate
RBI reported total overnight money market volume of ₹6,66,232.85 crore with a weighted average rate of 5.09% (range 4.00‑5.50%).
Call money, triparty repo and market repo contributed ₹18,500.97 crore,
RBI Announces ACU Rates for ₹27,000 Cr
RBI conducted an underwriting auction on June 19, 2026 for four government securities totaling ₹27,000 crore, with primary dealers participating.
ACU commission cut‑off rates ranged from 0.38 paise (6
RBI Announces ₹125,000 Cr Overnight VRR Auction
RBI will hold an overnight Variable Rate Repo auction on June 22, 2026 under the Liquidity Adjustment Facility.
The auction will offer a notified amount of ₹1,25,000 crore for a one‑day tenor, with bi
RBI Weekly Stats: M3 Up 1.1%
The bulletin reports total reserves of ₹6.39 trillion, down ₹82.1 billion week‑on‑week, with a yearly increase of ₹370.5 billion.
Money stock M3 rose to ₹31.46 trillion, a 1.1% fortnightly rise and 12
RBI Announces ₹100,000 Cr VRR Auction
RBI will conduct a three‑day Variable Rate Repo auction under the Liquidity Adjustment Facility on June 19 2026.
The auction will offer a notified amount of ₹1,00,000 crore with a three‑day tenor, win
RBI VRR Auction Allots ₹22,284 Cr @5.26%
On June 17 2026, RBI held its second 2‑day Variable Rate Repo auction, announcing a total notified amount of ₹50,000 crore.
Bids received totaled ₹22,284 crore, which were fully allotted at a cut‑off
RBI June 2026 T-Bill Auction Yields 5.26-5.79%
RBI announced auction results for 91-, 182- and 364-day Treasury Bills on June 17, 2026.
Total face value offered was ₹12,000 crore for 91‑day, and ₹6,000 crore each for 182‑day and 364‑day bills.
Cut
RBI VRR Auction Allots ₹50,016 cr @5.26%
RBI conducted a 2‑day Variable Rate Repo auction on June 17 2026 with a notified amount of ₹50,000 crore.
Bids totalling ₹68,400 crore were received, and ₹50,016 crore were allotted, representing a 70
RBI Conducts ₹50,000 Cr VRR Auction
RBI announced a second two‑day Variable Rate Repo auction under the Liquidity Adjustment Facility on June 17, 2026.
The auction will offer a notified amount of ₹50,000 crore for a two‑day tenor, with
RBI Overnight Money Market Volume ₹6.96 Lakh
RBI reported total overnight money market volume of ₹6,95,500.75 crore with weighted average rate 5.30% and range 4.00‑5.65%.
Repo operation on 16‑Jun‑2026 (7‑day tenor) injected ₹89,440 crore at 5.26
RBI Announces ₹50,000 Cr VRR Auction
RBI will conduct a Variable Rate Repo auction under LAF on June 17, 2026, offering ₹50,000 crore for a 2‑day tenor.
The auction window is set from 9:30 AM to 10:00 AM, and the repo will be reversed on
RBI June 2026 Money Market Liquidity -₹1.51 Lakh
RBI reported total overnight market volume of ₹7,15,096.23 crore with weighted average rate of 5.26% on June 15, 2026.
Repo operation injected ₹28,220 crore at 5.26% rate, while MSF absorbed ₹5,597 cr
RBI Announces ₹150,000 Cr 7-Day VRR Auction
RBI will conduct a 7‑day Variable Rate Repo auction on June 16, 2026 under the Liquidity Adjustment Facility.
The auction size is ₹1,50,000 crore with a single tenor of 7 days, window 09:30‑10:00 AM,
RBI 7-Day VRR Allots ₹89,440 Cr @5.26%
RBI conducted a 7‑day Variable Rate Repo auction on June 16 2026 with a notified amount of ₹1,50,000 crore.
Total bids received amounted to ₹89,440 crore, which were fully allotted at a cut‑off and we
RBI Reports Net Liquidity Absorption ₹172,856 Cr
RBI’s money market operations on June 14 2026 recorded zero volumes across all overnight and term segment transactions, including call money and repo.
The Marginal Standing Facility operated at 5.50%
RBI Announces Govt Securities Switch Auction Results
On 15 June 2026 the RBI released results of the conversion/switch auction for Government of India securities across four series.
Total notified amount was ₹15,000 crore, while offers received amounted
RBI Net Liquidity Absorption ₹1.74L Cr
RBI's money market operations on June 13, 2026 show zero transaction volumes across overnight and term segments.
Net liquidity injected from today's and outstanding operations totals a net absorption
RBI Money Ops June 2026: ₹6.86 Lakh
RBI reported total overnight money market volume of ₹6,85,828.90 crore on June 12 2026 with a weighted average rate of 5.15 %.
Term segment volumes included notice money of ₹1,308.00 crore at 5.32 % a
RBI VRR Auction 15 Jun 2026: 5.26%
RBI conducted an overnight Variable Rate Repo auction on 15 June 2026 with a notified amount of ₹75,000 crore.
Total bids received amounted to ₹28,220 crore, which were fully allotted, matching the bi
RBI Weekly Stats Show 1.1% M3 Growth
Total reserves fell by ₹13,114 crore week‑on‑week, with foreign currency assets decreasing ₹30,803 crore.
Aggregate deposits of scheduled commercial banks rose 1.2% fortnightly, reaching ₹26,002,106 c
RBI Announces ₹75,000 Cr Overnight VRR Auction
RBI will conduct an Overnight Variable Rate Repo auction of ₹75,000 crore on June 15, 2026.
The auction will have a 1‑day tenor, with bidding window from 9:30 AM to 10:00 AM on the same day.
Repo fund
RBI Money Market Volume ₹7.23 Lakh Cr
RBI reported total overnight money market volume of ₹7,23,737.09 crore on June 11, 2026, with weighted average rate 5.14% and range 1.00‑5.40%.
Call money volume 16,981.69 crore at avg 5.27% (range 4.
RBI Money Market Volume ₹7.19 Lakh Cr
RBI reported total overnight money market volume of ₹7,19,127.92 crore with weighted average rate 5.18% and range 4.00‑5.50%.
Repo operations injected net liquidity of –₹1,79,446.00 crore today, while
RBI Treasury Bills Auction 24,000 Cr
RBI announced full auction results for 91‑day, 182‑day, 364‑day Treasury Bills on June 10 2026.
Total notified amount ₹24,000 crore; competitive bids received ₹89,215 crore across all tenors.
Cut‑off
RBI Releases Fortnightly Reserve Money Data
RBI issued a press release on June 10, 2026 providing Reserve Money and Money Supply figures for the fortnight ended May 31, 2026.
The data are accessible through Excel files linked in the release, id
RBI Money Market Volume 7.27 Lakh Cr
On June 9 2026 RBI recorded total overnight money‑market volume of ₹7,27,304.60 crore, with weighted average rate of 5.18 % for the day.
Call money ₹18,485.71 crore at 5.27 %; Triparty repo ₹5,19,605.
RBI June T-Bill Auction Yields 5.3-5.9%
RBI released June 10 2026 auction results for 91‑day, 182‑day and 364‑day Treasury Bills, detailing notified and accepted face values.
Total face value notified and accepted was ₹12,000 crore for 91‑d
RBI Sets ₹15,038 Redemption Price for SGB
RBI announced premature redemption for Sovereign Gold Bond 2019‑20 Series I on June 11 2026, the first redemption after the five‑year lock‑in.
Redemption price set at ₹15,038 per unit, calculated as s
RBI State Securities Auction Raises ₹14,800 Cr
RBI’s price‑based auction of state government securities fully subscribed, raising ₹14,800 crore across 10 states.
Cut‑off yields ranged from 7.17% to 7.81% with prices near par (100‑101), indicating
RBI Money Market Volume ₹7.3 Lakh Cr
RBI reported total money market turnover of ₹7,29,928.13 crore on June 8 2026, with weighted average rate 5.19%.
Overnight segment dominated with ₹5,18,614.60 crore repo volume at 5.20% average, while
GoI Auctions ₹32,000 cr Dated Securities
RBI announced auction of two dated government securities totaling ₹32,000 crore, split into ₹21,000 cr 6.36% 2031 and ₹11,000 cr 7.71% 2066.
Auction scheduled for 12 June 2026 using multiple‑price met
RBI FX Turnover Data Apr 20‑24, 2026
RBI released daily merchant and inter‑bank foreign exchange transaction data for April 20‑24 2026, covering spot, forward, swap volumes.
Merchant purchases peaked at $6.43 bn on 21‑Apr, while sales pe
RBI Overnight Money Market Liquidity June 2026
RBI reported total overnight money market volume of ₹26,317.71 crore on June 6, 2026, weighted average rate 5.09% (range 4.25‑5.50%).
Repo operations dominated with ₹20,194.05 crore at 5.05% average,
RBI Reports Zero Money Market Volume June 7
RBI reported zero volume across all overnight and term money market segments on June 7, 2026.
Net liquidity injection from today's operations was -18,223.03 crore rupees, bringing total net liquidity
RBI 4-Day VRR Auction ₹75,000 Cr
RBI conducted a 4‑day Variable Rate Repo auction on June 8 2026 with a notified amount of ₹75,000 crore.
Total bids received matched the notified amount at ₹23,680 crore, and the full amount was allot
RBI Money Market Operations June 2026
RBI during June 5 2026 reported overnight money market volume of ₹15,874.22 crore at a weighted average rate of 5.14%, range 4.25‑5.55%.
Term segment recorded ₹5,29,767.85 crore triparty repo volume a
RBI Underwriting Auction June 5: ₹34,000 Cr
The RBI released the underwriting auction outcome for the 6.94% Government Security maturing in 2036, with a ₹34,000 crore issue size.
A minimum underwriting commitment of ₹17,010 crore was required,
Government Stock Auction Cut-off ₹34,000 Cr
RBI released auction results for the 6.94% Government Security maturing in 2036 on June 5 2026.
Notified amount and amount accepted were both ₹34,000 crore, indicating full subscription.
Cut‑off price
RBI Government Bond Auction Yields 6.97%
RBI released full auction results for the 6.94% Government Security (GS 2036) on June 5 2026, with a notified amount of ₹34,000 crore.
Competitive bids totaled 382 submissions amounting to ₹73,726.259
RBI Announces ₹24,000 Crn Treasury Bill Auction
RBI to auction Treasury Bills totalling ₹24,000 crore across 91‑day, 182‑day and 364‑day tenors.
182‑day and 364‑day bills will be auctioned on June 10 2026 with settlement on June 11 2026; 91‑day dat
RBI Announces ₹14,800 Cr State Securities Auction
RBI announced auction of State Government Securities totaling ₹14,800 crore across 10 states, scheduled for June 9 2026 via E‑Kuber platform.
Auction includes both price and yield based issues, with t
RBI Announces ₹75,000 Cr VRR Auction
RBI will conduct a 4‑day Variable Rate Repo auction on June 8 2026 under the Liquidity Adjustment Facility.
The auction will offer a notified amount of ₹75,000 crore with a 4‑day tenor.
Bidding window
RBI Weekly Data Shows ₹179,764 Cr Deposit Drop
RBI weekly statistical supplement (June 5 2026) reports aggregate deposits fell by ₹179,764 crore week‑on‑week, a 0.7% decline.
Total reserves slipped to ₹6.48 trillion, with foreign currency assets d
RBI Sets 6.64% Rate on FRB 2031
RBI announced the half‑year interest rate for the Government of India Floating Rate Bond 2031 at 6.64% per annum.
The bond’s coupon base rate equals the average weighted yield of the last three 182‑da
RBI 2026 Money Market Liquidity -₹1.88 Lakh
RBI’s money market operations on June 4 2026 recorded ₹6.94 lakh cr overnight volume with weighted average rate of 5.06 %.
Net liquidity injection, including today’s and outstanding operations, amount
RBI Money Market Liquidity Drain ₹1.98 Lakh Cr
RBI's overnight money market volume reached ₹7.11 Lakh crore with weighted average rate of 5.14% on June 3, 2026.
Repo operations injected ₹11,360 crore at 5.26% rate, while net liquidity from today's