RBI injects Rs 1 lakh crore as liquidity tightens before festive season

The Reserve Bank of India injected Rs 1 lakh crore through a variable rate repo operation, with the exercise drawing bids worth Rs 1.50 lakh crore from participants.

Liquidity position remains in surplus

The operation took place against a banking system liquidity surplus of Rs 1.99 lakh crore as of October 16. The figures place the RBI's latest liquidity operation alongside a sizeable surplus in the banking system.

What the bid level shows

Bids for the operation exceeded the amount injected by Rs 50,000 crore. The Rs 1.50 lakh crore response compares with the Rs 1 lakh crore offered through the RBI's VRR operation.

The data provides a snapshot of liquidity conditions in the banking system on October 16. It also records the scale of demand for funds through the RBI operation, without indicating any change beyond the reported injection and surplus figures.

Key figures

• RBI injection: Rs 1 lakh crore
• Bids received: Rs 1.50 lakh crore
• Banking system liquidity surplus: Rs 1.99 lakh crore
• Liquidity position reported as of: October 16

The operation and accompanying liquidity figures highlight the RBI's latest intervention in the banking system, while the reported surplus indicates that overall system liquidity remained positive on October 16.