Tag
Monetary Policy
34 articles
Monetary policy actions by the Reserve Bank of India (RBI) continue to shape liquidity conditions. Recent auctions of Variable Rate Repos (VRRs) have seen fluctuating demand, with allotments ranging from ₹16,750 crore to ₹75,021 crore against notified amounts of ₹75,000 crore to ₹125,000 crore, all at a cut-off rate of 5.26%. The RBI is actively managing liquidity through these auctions and standing facilities like the SDF and MSF, while money market volumes remain subdued. CIBC economists highlight potential inflationary pressures from AI-driven cost increases in sectors like trucking and construction, which could prompt the RBI to reconsider its policy stance if core inflation remains elevated.
CIBC Flags AI Inflation Risks to Fed Policy
CIBC chief economist Avery Shenfeld says AI spending is inflating trucking fees, construction materials, memory chip costs and tightening labour markets.
He notes mixed corporate AI outcomes, with tim
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
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 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 ₹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 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
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 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 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 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 Money Market June 17: ₹687K Cr
Overnight segment total volume reached ₹6,87,307.30 crore with weighted average rate 5.22% and range 4.20‑5.60%.
Repo operations injected ₹50,016 crore at 5.26% rate, while SDF absorbed ₹1,77,254 cror
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 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 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 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 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 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
UCO Bank Revises TBLR and G-Sec Benchmark Rates
UCO Bank's ALCO reviewed and revised select benchmark rates effective June 10, 2026.
TBLR rates increased across 3-month (5.30% to 5.40%), 6-month (5.50% to 5.60%), and 12-month (5.60% to 5.75%) tenor
Indian Bank Revises TBLR Rates Effective May 3
Indian Bank's ALCO revised Treasury Bills Linked Lending Rates (TBLR) effective May 3, 2026.
TBLR for <=3 months reduced to 5.25% and >3-6 months to 5.45%, while longer tenors unchanged.
MCLR, Base Ra