RBI money market operations on 22 October: net liquidity deficit of ₹31,254.95 crore

The Reserve Bank of India's money market operations on 22 October left net liquidity injected from the day's operations at negative ₹1,07,990.00 crore, reflecting absorption that outweighed injection, according to the central bank's daily operations data.

Overnight money market volumes totalled ₹7,14,822.46 crore at a weighted average rate of 5.66 per cent, within a range of 4.51 to 6.00 per cent. Call money accounted for ₹12,966.21 crore at 5.69 per cent, while triparty repo volumes were ₹5,22,241.70 crore at 5.65 per cent. Market repo stood at ₹1,74,353.65 crore at 5.67 per cent, and repo in corporate bonds at ₹5,260.90 crore at 5.81 per cent.

In its liquidity adjustment facility, the RBI conducted a one-day variable rate repo operation on 22 October, maturing 23 October, for ₹50,006.00 crore at a cut-off rate of 5.54 per cent. The marginal standing facility stood at ₹3,746.00 crore at 5.75 per cent, and the standing deposit facility at ₹1,61,742.00 crore at 5.25 per cent.

Among outstanding operations, a seven-day variable rate repo auctioned on 19 October and maturing 26 October stood at ₹1,00,014.00 crore at 5.51 per cent. A 29-day reverse repo auctioned on 8 October and maturing 6 November was outstanding at ₹33,055.00 crore at 5.49 per cent. Net liquidity injected from outstanding operations was ₹76,735.05 crore, and net liquidity injected from outstanding operations including today's operations was negative ₹31,254.95 crore.

Scheduled commercial banks' cash balances with the RBI stood at ₹8,45,922.05 crore as on 22 October, against an average daily cash reserve requirement of ₹8,33,309.00 crore for the fortnight ending 31 October. Net durable liquidity was a surplus of ₹10,14,401.00 crore as on 30 September, and banks availed ₹9,776.05 crore under the standing liquidity facility.