Mumbai, March 30 The Reserve Bank of India (RBI) injected ₹84,582 crore of short-term liquidity into the banking system on Monday through two variable rate repo (VRR) auctions.
The central bank injected ₹50,001 crore through the first three-day VRR auction early in the day at a cut-off rate of 5.34 percent and a weighted average rate of 5.44 percent, the central bank said in a release.
The RBI injected another ₹34,581 crore at a cut-off rate of 5.26 percent and a weighted average rate of 5.30 percent at a later auction during the day.
In the first auction, the central bank received bids of ₹57,287 crore, against the notified amount of ₹50,000 crore, and accepted bids worth ₹50,001 crore. However, for the second auction, the bids received were lower than the notified amount.
Currently, liquidity in the banking system is estimated to be in excess of approximately ₹1.27 lakh crore as of March 27.
In the last few days, the central bank has infused ₹2,73,530 crore of short-term liquidity into the banking system through VRR auctions of various tenures.
Prior to this, the RBI has infused ₹3.50 lakh crore of durable liquidity into the banking system through open market purchases (OMPs) of government securities since January 2026.
