RBI reports ₹80,203 crore liquidity withdrawal from money market

Traders Union
All News
Central Banks
RBI Money Market Report

Highlights

On June 22, RBI absorbed net liquidity of ₹80,203 crore through money market operations.
The total volume in the overnight segment stood at ₹6,82,283.09 crore, including call money, triparty repo, market repo, and corporate bond repo.
Based on today’s and outstanding operations, the total net liquidity injection stood at ₹19,971.89 crore, while the system’s core liquidity remained in surplus at ₹4,86,400 crore.

This article was translated from the original. Read the original version by our correspondent here.

Market and RBI Operations on June 22

According to Press Release 2026-2027/517 from the Reserve Bank of India, the total volume in the overnight segment, including call money, triparty repo, market repo, and repo in corporate bonds, stood at ₹6,82,283.09 crore. Of this, call money accounted for ₹19,151.55 crore, triparty repo ₹4,85,409.25 crore, market repo ₹1,71,044.34 crore, and repo in corporate bonds ₹6,677.95 crore.

The weighted average rate was 5.33 percent in call money, 5.29 percent in triparty repo, 5.26 percent in market repo, and 5.38 percent in corporate bond repo. In the term segment, notice money was ₹185.40 crore and triparty repo was ₹399.25 crore, while term money stood at ₹243 crore with a range of 5.25 percent to 6.90 percent.

In RBI’s one-day variable rate repo operation, ₹36,300 crore was allotted at 5.26 percent. Under MSF, ₹2,236 crore was recorded at 5.50 percent, and under SDF, ₹1,18,739 crore at 5.00 percent, resulting in a net absorption of ₹80,203 crore from the day’s operations.

Impact on Banking Liquidity and Reserve Position

Outstanding operations included ₹89,440 crore maturing on June 23, 2026, from the seven-day repo auction held on June 16, 2026. Utilization of ₹10,734.89 crore from RBI under the Standing Liquidity Facility was also recorded, resulting in a net liquidity injection of ₹1,00,174.89 crore from outstanding operations.

Combining today’s and outstanding operations, the total net liquidity injection stood at ₹19,971.89 crore. The cash balance of scheduled commercial banks with RBI on June 22, 2026, was ₹7,76,527.73 crore, while the average daily cash reserve requirement for the fortnight ending June 30, 2026, was ₹8,01,069 crore.

The Government of India’s surplus cash balance, counted for auction purposes, was ₹36,300 crore as of June 22, 2026. With net durable liquidity surplus at ₹4,86,400 crore as of May 31, 2026, it indicates that fundamental liquidity support in the system remains, even as RBI undertakes short-term absorption in daily operations.

Our previous report discussed the recent weakness in USD/INR and policy measures to support the rupee. It noted that policymakers are encouraging non-resident dollar deposits and foreign bond inflows, while new demand for dollars and expectations from the Fed’s decisions continue to put pressure on the rupee. Additionally, based on technical indicators, the near-term range for the pair was focused at ₹93.78–₹94.73, with attention on key support/resistance levels.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.