RBI Injects Net Liquidity of ₹34,466 Crore Through its latest Open Market Operations

Authored By Ankur Chandra | Last Modified: May 31, 2025 10:46 PM IST

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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

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