Tag
Monetary Policy
76 articles
Monetary policy tightening is evident across Asia, with Tokyo core CPI accelerating to 2.7% year-on-year, prompting speculation of further Bank of Japan rate hikes. Concurrently, the Reserve Bank of India (RBI) has been actively managing liquidity through a series of Variable Rate Reverse Repo (VRRR) auctions, absorbing significant sums while also injecting liquidity through Standing Deposit Facility and Marginal Standing Facility. These actions, alongside open market operations selling government securities, reflect a concerted effort to control inflation and manage systemic liquidity, impacting borrowing costs and potentially tempering economic growth across the region.
Hong Kong Index Down 3% Ahead Jobs
Asian equities were mixed as investors awaited U.S. non‑farm payrolls, with bond yields and oil prices influencing risk appetite.
Hong Kong's Hang Seng Index fell 3% to ~23,900 points, its steepest 11
Tokyo CPI Accelerates 2.7%, BOJ Hikes Likely
Tokyo core CPI rose 2.7% year‑on‑year in September, up from 1.8% in August and above the 2.4% median forecast.
The overall Tokyo CPI also increased 2.7% YoY, while the core CPI month‑on‑month rose 0.4
Indian Bank Revises TBLR Rates 5-25 bps
Indian Bank's ALCO revised Treasury Bills Linked Lending Rates (TBLR) upwards by 5 to 25 basis points across tenors.
The revised TBLR rates range from 5.30% to 5.95% and become effective from October
RBI Announces ₹200,000 Cr Overnight VRRR Auction
RBI will conduct a Variable Rate Reverse Repo auction on 5 Oct 2026 under the Liquidity Adjustment Facility.
The auction will offer ₹2,00,000 crore for a one‑day tenor, with the bidding window from 09
RBI VRRR Auction: ₹168,055 Cr at 5.24%
RBI announced results of a 4‑day Variable Rate Reverse Repo auction conducted on 1 Oct 2026.
The notified amount was ₹200,000 crore, but offers totalling ₹168,055 crore were fully accepted at the cut‑
RBI Announces ₹200,000 Cr VRRR Auction
RBI will hold a 4‑day Variable Rate Reverse Repo auction on October 1 2026 under the Liquidity Adjustment Facility.
The auction will offer a notified amount of ₹2 lakh crore (₹200,000 crore) with a 4‑
RBI VRRR Auction 85,424 Cr at 5.24%
RBI announced results of overnight VRRR auction held on Sep 30, 2026, with notified amount of ₹2,00,000 crore today.
Total offers received amounted to ₹85,424 crore, which were fully accepted at the c
RBI Announces ₹200,000 Cr Overnight VRRR Auction
RBI will conduct a Variable Rate Reverse Repo auction on September 30, 2026 under the Liquidity Adjustment Facility.
The auction will offer ₹200,000 crore for a one‑day tenor, with the bidding window
RBI Conducts ₹100,000 Cr VRRR Auction
RBI announced a second overnight Variable Rate Reverse Repo auction, following a liquidity review, to be held on September 29, 2026.
The auction will offer ₹100,000 crore for a one‑day tenor, with the
RBI VRRR Auction 5.24% Rate, ₹119,048 Cr
RBI released results of the overnight Variable Rate Reverse Repo auction conducted on 29 September 2026 for liquidity management in the Indian.
The RBI notified ₹2 lakh crore, received offers totaling
RBI VRRR Auction: 33,770 Cr at 5.24%
RBI conducted its second overnight variable rate reverse repo auction on Sep 29, 2026, notifying ₹1,00,000 crore in total.
Total offers received amounted to ₹33,770 crore, which were fully accepted at
RBI OMO Sale Auction ₹25,000 Cr
RBI announced an OMO sale of ₹25,000 crore on Sep 28, 2026, with settlement on Sep 29, 2026.
Total bids reached ₹67,655 crore, exceeding the notified amount by over 2.7 times, indicating strong market
RBI Absorbs ₹4.39 Cr Liquidity Sep 2026
RBI recorded net liquidity absorption of ₹4,39,485.24 crore including today’s operations as of 27 September 2026.
MSF injected ₹10,288.00 crore at 5.50% and SDF injected ₹2,08,457.00 crore at 5.00% on
RBI VRRR Auction 5.24% on ₹111,711 Cr
RBI announced results of overnight variable rate reverse repo auction held on Sep 28, 2026.
Notified amount was ₹200,000 crore, but total offers received and accepted amounted to ₹111,711 crore.
The c
RBI Money Market Liquidity Absorption ₹4.25L Cr
RBI's money market operations on 26 Sep 2026 show net liquidity absorption of ₹4,24,891.24 crore across today's and outstanding operations.
Standing Deposit Facility injected ₹1,82,306 crore at 5.00%
RBI OMO Sale of Govt Securities ₹25,000 Cr
RBI announced open market operation sale of Government of India securities on Sep 28, 2026, with aggregate notified amount of ₹25,000 crore.
Accepted face‑value amounts totalled ₹24,800 crore across s
RBI Announces ₹200,000 Cr Overnight VRRR Auction
RBI will conduct a Variable Rate Reverse Repo auction on September 28, 2026 under the Liquidity Adjustment Facility.
The auction will offer a notified amount of ₹200,000 crore for a one‑day tenor, wit
RBI Releases Money Supply Data for Fortnight
The Reserve Bank of India issued a press release presenting money‑supply statistics for the latest fortnight ending 15 September 2026.
The data is available in an Excel file linked in the release, ide
RBI Treasury Bill Calendar ₹2.99 Lakh Cr
RBI, consulting the Government of India, publishes the Treasury Bill auction calendar for October‑December 2026, detailing weekly issue dates.
Each weekly auction offers ₹8,000 crore of 91‑day and 182
RBI VRRR Auction 90,280 Cr @5.24%
RBI conducted a 3‑day Variable Rate Reverse Repo auction on 25 Sept 2026 with a notified amount of ₹1,50,000 crore.
Total bids received amounted to ₹90,280 crore, which were fully accepted at the cut‑
RBI Announces ₹150,000 Cr VRRR Auction
RBI will conduct a 3‑day Variable Rate Reverse Repo auction on September 25 2026 under the Liquidity Adjustment Facility.
The auction will offer a notified amount of ₹1,50,000 crore for a three‑day te
RBI VRRR Auction Sep 24: 5.24% Rate
RBI announced the overnight VRRR auction on Sep 24, 2026 with a notified amount of ₹125,000 crore.
Total offers received amounted to ₹101,399 crore, which were fully accepted at the cut‑off and weight
RBI VRRR Auction 75k Cr @5.24%
RBI conducted overnight VRRR auction on Sep 23, 2026 with notified amount of ₹75,000 crore.
Total offers received amounted to ₹87,993 crore, of which ₹75,026 crore were accepted.
The auction’s cut‑off
RBI Announces ₹25,000 Cr OMO Sale
RBI will conduct an open market operation auction of Government of India securities totaling ₹25,000 crore on September 28, 2026.
Six securities listed, including 7.61% GS 2030 with full amount, while
RBI Announces ₹125,000 Cr VRRR Auction
RBI will conduct an overnight Variable Rate Reverse Repo auction on September 24, 2026 under the Liquidity Adjustment Facility.
The auction will offer a notified amount of ₹1,25,000 crore for a one‑da
RBI Announces ₹75,000 Cr Overnight VRRR Auction
RBI will conduct a Variable Rate Reverse Repo auction on September 23, 2026 under the Liquidity Adjustment Facility.
The auction will offer ₹75,000 crore for a one‑day tenor, with the bidding window f
RBI VRRR Auction 75k Cr @5.24%
RBI conducted overnight variable rate reverse repo auction on Sep 22 2026 with notified amount 75,000 crore rupees.
Total offers received 71,971 crore rupees were fully accepted at cut‑off and weighte
RBI Announces ₹75,000 Cr VRRR Auction
RBI will conduct an overnight Variable Rate Reverse Repo auction on September 22, 2026 under the Liquidity Adjustment Facility.
The auction will offer ₹75,000 crore for a one‑day tenor, with the biddi
RBI VRRR Auction 5.24% Cutoff, 75,058 Cr
RBI announced results of overnight VRRR auction held on Sep 21, 2026, with a notified amount of ₹1,00,000 crore.
Total offers received amounted to ₹75,058 crore, which were fully accepted at the cut‑o
RBI OMO Sale ₹25,000 Cr Govt Bonds
RBI announced an Open Market Operation on Sep 21 2026, selling government securities with an aggregate face value of ₹25,000 crore across multiple maturities.
Accepted amounts: Nil for 2027, ₹180 cr f
RBI OMO Sale Auction ₹25,000 Cr
RBI conducted an Open Market Operations (OMO) sale auction on Sep 21, 2026, with settlement on Sep 22, 2026.
The RBI notified a face‑value amount of ₹25,000 crore for the sale.
Participants bid a tota
RBI Announces ₹100,000 Cr Overnight VRRR Auction
RBI will conduct a Variable Rate Reverse Repo auction on Sep 21, 2026 under the Liquidity Adjustment Facility.
The auction will offer a notified amount of ₹100,000 crore for a one‑day tenor, with bidd
RBI VRRR Auction ₹2.23 Lakh Cr at 5.24%
RBI announced results of a 3‑day Variable Rate Reverse Repo auction conducted on 18 September 2026.
The RBI notified ₹2,25,000 crore, received offers totaling ₹2,22,629 crore, and accepted the full ₹2
RBI OMO Sale Auction ₹50,000 Cr
RBI conducted an OMO sale on Sep 17, 2026, offering a total face value of ₹50,000 crore to market participants.
Bids received amounted to ₹66,590 crore, exceeding the notified amount and reflecting ro
RBI OMO Sale ₹50,000 Cr Govt Securities
RBI conducted open market operation on Sep 17, 2026, selling Government of India securities with aggregate notified amount of ₹50,000 crore.
RBI accepted ₹50,000 crore face value across tenors 2029‑20
RBI Announces ₹2.25 Lakh Cr VRRR Auction
RBI will conduct a 3‑day Variable Rate Reverse Repo auction on Sep 18, 2026 under the Liquidity Adjustment Facility.
The auction size is ₹2,25,000 crore with a 3‑day tenor, window 09:30‑10:00 AM, reve
RBI OMO Sale ₹25,000 Cr Govt Securities
RBI will conduct an open market operation (OMO) sale auction of Government of India securities totaling ₹25,000 crore on Sep 21, 2026.
Six securities listed with varying coupons and maturities, with t
RBI VRRR Auction: 5.24% Rate, ₹239,959 Cr
RBI announced results of overnight VRRR auction held on Sep 17, 2026, with a cut‑off and weighted rate of 5.24%.
The RBI notified ₹300,000 crore, received offers totaling ₹239,959 crore, and accepted
RBI Announces ₹300,000 Cr Overnight VRRR Auction
RBI will conduct a Variable Rate Reverse Repo auction on September 17, 2026 under the Liquidity Adjustment Facility.
The auction will offer ₹300,000 crore for a one‑day tenor, with the bidding window
RBI Announces ₹100,000 Cr VRRR Auction
RBI will conduct a second overnight Variable Rate Reverse Repo auction on September 16, 2026.
The auction will offer ₹1,00,000 crore for a one‑day tenor, with the bidding window from 11:00 AM to 11:30
RBI VRRR Sep 16: 5.24% on ₹40,302
RBI conducted its second overnight Variable Rate Reverse Repo auction on 16 September 2026, notifying ₹1,00,000 crore.
Total offers amounted to ₹40,302 crore, which were fully accepted at a cut‑off an
RBI T‑Bill Auction Yields 5.28%–6.04%
RBI announced cut‑off prices and yields for 91‑day, 182‑day and 364‑day Treasury bills on 16 Sept 2026.
Total face value notified and accepted were ₹9,000 crore for 91‑day, ₹8,000 crore for 182‑day, a
RBI VRRR Auction Accepts ₹2.5L Cr @5.24%
RBI announced the overnight VRRR auction on Sep 16 2026 with a notified amount of ₹2,50,000 crore.
Total offers received amounted to ₹3,17,088 crore, of which ₹2,50,025 crore were accepted, reflecting
RBI Announces ₹250,000 Cr Overnight VRRR Auction
RBI will conduct an overnight Variable Rate Reverse Repo auction on September 16, 2026 under the Liquidity Adjustment Facility.
The auction will offer ₹2,50,000 crore for a one‑day tenor, with bidding
RBI Money Market Operations Sep 13 2026 Liquidity
RBI reported net liquidity absorption of ₹2,80,631 crore from today's operations, bringing total net liquidity injection to –₹10,81,321 crore.
Cash reserves of scheduled commercial banks stood at ₹7,9
RBI Money Ops Net Liquidity -₹10.73 Cr
RBI reported total overnight market volume of 6,73,803.41 crore rupees with weighted average rate 4.66% on Sep 11, 2026.
Reverse repo operations of 3,44,864 crore rupees at 5.24% and 60,449 crore rupe
RBI VRRR Auction 5.24% on ₹3.93 Lakh Cr
RBI announced results of overnight VRRR auction held on Sep 15, 2026, with a notified amount of ₹5 Lakh crore.
Total offers received amounted to ₹3.93352 Lakh crore, which were fully accepted at a cut
RBI Liquidity Sep 2026 –10.41 Lakh Cr
The RBI released its Money Market Operations data for 14 September 2026, showing zero transaction volumes across all overnight and term segments.
Net liquidity injected from today’s operations was –2,
RBI VRRR Auction Draws ₹60,449 Cr @5.24%
RBI announced results of its 26‑day Variable Rate Reverse Repo auction conducted on 11 Sept 2026.
The auction had a notified amount of ₹5 lakh crore, but received offers totaling ₹60,449 crore, all of
RBI VRRR Auction Draws ₹60,449 Cr @5.24%
RBI announced results of its 26‑day Variable Rate Reverse Repo auction conducted on 11 Sept 2026.
The auction had a notified amount of ₹5 lakh crore, but received offers totaling ₹60,449 crore, all of
RBI Announces ₹5 Lakh Cr VRRR Auction
RBI will conduct an overnight Variable Rate Reverse Repo auction on September 15, 2026 under the Liquidity Adjustment Facility.
The auction will offer a notified amount of ₹5,00,000 crore for a one‑da
RBI Publishes Fortnightly Money Supply Data
RBI issued a press release (2026‑2027/1104) presenting money‑supply figures for the fortnight ending 31 August 2026 in its latest statistical bulletin.
The data set is accessible through the RBI websi
RBI OMO Sale ₹100,000 Cr Govt Securities
RBI will sell Government of India securities worth ₹1,00,000 crore in three tranches on Sep 17, 21 and 28 2026.
The first tranche of ₹50,000 crore includes six securities, with the 7.61% GS 2030 (ISIN
RBI Announces 4‑Day VRRR Auction Sep 11
RBI announced a second Variable Rate Reverse Repo auction on Sep 11, 2026, under the Liquidity Adjustment Facility.
The auction will offer ₹5,00,000 crore for a four‑day tenor, with the window from 11
RBI Money Market Liquidity Absorption 10.43 Lakh
The overnight money market segment recorded a volume of ₹6,76,850.95 crore with a weighted average rate of 4.60% (range 1.00‑5.20%).
Today's reverse repo of ₹3,96,694 crore at 5.24% and MSF of ₹82 cro
RBI Announces ₹5,00,000 Cr 26‑Day VRRR Auction
RBI will conduct a 26‑day Variable Rate Reverse Repo auction on Sep 11, 2026, with notified amount ₹5,00,000 crore.
The auction follows same operational guidelines as RBI Press Release 2019‑2020/1947
RBI VRRR Auction 5.24% Rate, ₹396,694 Cr
RBI announced results of the overnight variable rate reverse repo auction held on Sep 10, 2026.
The notified amount was ₹6,00,000 crore, but total offers received amounted to ₹3,96,694 crore, all of w
RBI Announces ₹600,000 Cr Overnight VRRR Auction
RBI will conduct a Variable Rate Reverse Repo auction on September 10, 2026 under the Liquidity Adjustment Facility.
The auction will offer a notified amount of ₹6,00,000 crore for a one‑day tenor, wi
RBI VRRR Auction 5 Lakh Cr 5.24%
RBI conducted a 1‑day Overnight Variable Rate Reverse Repo auction on 9 Sept 2026 with a notified amount of ₹5 lakh crore.
Total offers received amounted to ₹4,61,586 crore, which were fully accepted
RBI Money Market Operations Sep 08 2026
RBI reported total money market volume of 6,83,354.04 crore rupees with average rate 4.53% in overnight segment.
Today's operations injected net liquidity of -6,59,910.00 crore, bringing total net liq
RBI Announces ₹5 Lakh Cr VRRR Auction
RBI will conduct an overnight Variable Rate Reverse Repo auction on September 9, 2026 under the Liquidity Adjustment Facility.
The auction will offer a notified amount of ₹5,00,000 crore for a one‑day
RBI Launches Sep 2026 Household Inflation Survey
RBI has launched the September 2026 round of its Inflation Expectations Survey of Households (IESH) covering 19 Indian cities.
The survey, run by Hansa Research Group, seeks qualitative and quantitati
RBI VRRR Auction 5.24% Rate, ₹4.18 Lakh Cr
RBI announced the overnight VRRR auction on Sep 8 2026 with a notified amount of ₹5 lakh crore.
Total offers received amounted to ₹4.17609 lakh crore, which were fully accepted at the cut‑off and weig
Bank of India Q1 Net Profit Up 36% YoY
Bank of India reported a 36.23% YoY rise in Q1 FY27 net profit to ₹3,068 crore, driven by 12.61% growth in net interest income.
Global business crossed ₹17.50 lakh crore with 16.57% YoY growth, while
RBI Announces ₹5 Lakh Cr VRRR Auction
RBI will conduct an overnight Variable Rate Reverse Repo auction on September 8, 2026 under the Liquidity Adjustment Facility.
The auction will offer a notified amount of ₹5,00,000 crore for a one‑day
RBI Overnight VRRR Auction 5.24% Rate
The Reserve Bank of India released the outcome of the September 7, 2026 overnight Variable Rate Reverse Repo auction.
The RBI had notified ₹5,00,000 crore for the auction, received offers amounting to
RBI Announces ₹7 Lakh Cr 30-Day VRRR
RBI will conduct a 30‑day Variable Rate Reverse Repo auction on 7th September 2026, offering ₹7 00,000 crore to participants.
The auction window runs from 9:30 am to 10:00 am, with reversal scheduled
RBI Weekly Statistical Supplement Sep 2026
RBI weekly supplement dated 4 Sep 2026 shows total foreign exchange reserves of ₹7.07 trillion (US$740.8 bn), up ₹85.3 bn week‑on‑week.
Scheduled commercial banks' aggregate deposits total ₹26.93 tril
RBI Announces ₹150,000 Cr VRRR Auction
The Reserve Bank of India will hold its second three‑day Variable Rate Reverse Repo auction on September 4 2026, targeting liquidity management.
The auction will offer ₹1,50,000 crore at a 3‑day tenor
RBI VRRR Auction Accepts ₹5.42 Lakh Cr
RBI announced results of a 3‑day Variable Rate Reverse Repo auction conducted on 4 Sept 2026.
The RBI notified ₹7 lakh crore, received offers totaling ₹5.42 lakh crore, and accepted the full ₹5.42 lak
RBI VRRR Sep 3: 5.24% on ₹5.19 Lakh Cr
The RBI released results of the overnight variable rate reverse repo (VRRR) auction held on September 3, 2026, detailing participation and rates.
Notified amount was ₹6,00,000 crore, but offers totall
RBI Announces ₹150,000 Cr VRRR Auction
RBI will conduct a second overnight Variable Rate Reverse Repo auction on 3 September 2026 under the Liquidity Adjustment Facility.
The auction offers a notified amount of ₹150,000 crore for a one‑day
RBI Announces ₹7 Lakh Cr VRRR Auction
RBI will hold a three‑day Variable Rate Reverse Repo auction on September 4 2026 under the Liquidity Adjustment Facility.
The auction will offer a notified amount of ₹7,00,000 crore for a three‑day te
RBI VRRR Auction Sep 3 2026: 5.24% Rate
RBI released results of the second overnight VRRR auction conducted on 3 September 2026.
The RBI notified ₹150,000 crore, received offers totaling ₹34,652 crore, and accepted the full ₹34,652 crore.
A
RBI VRRR Auction 5 Lakh Cr, 5.24% Rate
RBI conducted a 1‑day Overnight Variable Rate Reverse Repo auction on 2 Sept 2026 with a notified amount of ₹5 lakh crore.
Total offers received amounted to ₹4,59,843 crore, which were fully accepted
RBI Money Market Volume ₹6.6 Lakh Cr
RBI reported total overnight money market volume of ₹6,60,888.44 crore with weighted average rate 4.86% on 1 Sep 2026.
Repo operations injected net liquidity of –₹6,48,190 crore today, and cumulative