Mumbai, March 24 The Reserve Bank of India (RBI) injected ₹55,837 crore of short-term liquidity into the banking system on Tuesday through a three-day variable rate repo (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 statement.
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 excess of approximately ₹26,196.36 crore as of March 23.
In the past few days, the central bank has injected ₹2,08,208 crore of short-term liquidity into the banking system through VRR auctions of various tenures.
Prior to this, the RBI injected ₹3.50 lakh crore of long-term liquidity into the banking system through open market purchases (OMPs) of government securities since January 2026.