The Reserve Bank of India (RBI) released key liquidity data for January 30, highlighting banks’ cash balances at ₹7.71 trillion, government surplus cash with RBI at ₹1.37 trillion, refinance operations worth ₹132.52 billion, and borrowings of ₹12.97 billion via the Marginal Standing Facility (MSF). These figures reflect India’s short-term liquidity dynamics.
India’s central bank provided a detailed update on liquidity conditions as of January 30, underscoring the balance between surplus funds, refinancing, and short-term borrowings. The data offers insights into how banks and the government are managing cash flows amid evolving market conditions.
Key Highlights:
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Banks’ Cash Balances: ₹7.71 trillion held with RBI, reflecting strong liquidity buffers.
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Government Surplus Cash: ₹1.37 trillion parked with RBI for auction, indicating fiscal surplus positioning.
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Refinance Operations: ₹132.52 billion extended by RBI, supporting liquidity needs.
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Marginal Standing Facility (MSF): Banks borrowed ₹12.97 billion, showing limited reliance on emergency funding.
This snapshot illustrates the RBI’s role in balancing liquidity through refinancing and facilities, while banks maintain robust reserves. The government’s surplus cash position further strengthens fiscal management, ensuring smoother auction operations and market stability.
Sources: Reuters; Reserve Bank of India