RBI Injects Net Liquidity of ₹34,466 Crore Through its latest Open Market Operations
By Ankur Chandra | Updated at: May 31, 2025 10:46 PM IST
MUMBAI, May 26, 2025 – According to the Reserve Bank of India (RBI) reports, on May 23, 2025, the total turnover in the money market crossed ₹6.07 lakh crore, and there was a net liquidity absorption of ₹2.05 lakh crore through its daily operations.
Key Money Market Highlights (May 23, 2025)
| Segment | Volume (₹ Crore) | Weighted Avg. Rate (%) | Rate Range (%) |
|---|---|---|---|
| Overnight Segment | 6,07,641.93 | 5.79 | 3.00 – 6.10 |
| – Call Money | 17,871.73 | 5.85 | 4.85 – 5.90 |
| – Triparty Repo | 4,07,410.15 | 5.77 | 5.00 – 5.83 |
| – Market Repo | 1,81,048.05 | 5.81 | 3.00 – 6.10 |
| – Corporate Bond Repo | 1,312.00 | 5.94 | 5.94 – 5.95 |
Term segment witnessed selective participation, where the triparty repo volume stood at ₹3,200 crore at an average rate of 5.89%. Notice and term money together accounted for just under ₹1,400 crore.
RBI Liquidity Operations
Given below are the data figures of the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF) of the central bank
- Repo (3-day): ₹4,371 crore at 6.01%
- MSF (1-day): ₹676 crore at 6.25%
- SDF: ₹2,09,752 crore across tenors at 5.75%
Thus, there was a net absorption of ₹2,04,705 crore on the day’s operations.
Meanwhile, the Standing Liquidity Facility (SLF) availed by banks stood at ₹8,735.56 crore.
Net Liquidity Position
| Metric | ₹ Crore |
|---|---|
| Net liquidity injected from outstanding operations | +34,466.56 |
| Net liquidity (including today’s operations) | -1,70,238.44 |
| Scheduled Banks’ Cash with RBI (May 23, 2025) | 9,42,255.93 |
| Required Avg. CRR for fortnight ending May 30, 2025 | 9,48,817.00 |
| GOI Surplus Cash Balance (for auction) | 4,371.00 |
| Net Durable Liquidity (as on May 2, 2025) | +2,34,873.00 |
Outlook
Let us quickly understand what the aforementioned date implies?
* Market repo rates and MSF levels are around 6.25%, which implies transitioning macroeconomic dynamics.
* The CRR compliance for the banks remains near target, while the overnight money market is functioning within the policy rate corridor. Thus the overall systematic stability is well maintained.
REF: https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR40654BA96105F3043899CE4E8F5D8F5CE31.PDF
