Mumbai, March 23 The Reserve Bank of India (RBI) injected ₹79,256 crore in short-term liquidity into the banking system on Monday through an overnight variable rate (VRR) auction.
The RBI injected the funds at cut-off and weighted average rates of 5.26 per cent, the central bank said in a release.
The liquidity injected was significantly 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 of March 23.
On March 20, the central bank had injected ₹25,101 crore in short-term liquidity into the banking system through a three-day VRR auction.
On March 17, the RBI injected ₹48,014 crore in liquidity into the banking system via a seven-day VRR.
Prior to this, the RBI had injected ₹3.50 lakh crore of long-term liquidity into the banking system through open market purchases (OMOs) of government securities since January 2026.
