Image Source : The Financial Express
RBI injected ₹82.66 billion via refinance on Dec 15, as banks' cash balances hit ₹7.53 trillion. Govt surplus cash with RBI reached ₹249.69 billion for auction, signaling ample liquidity despite rupee pressures and bond yield upticks.
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Liquidity Snapshot
Reserve Bank of India data for Dec 15 shows robust system liquidity, with banks parking record funds amid forex interventions and pre-open market softness. Refinance ops ensure stability as govt devolves surplus via auctions.
Key Highlights
Refinance Injection: RBI disbursed ₹82.66 bn through liquidity facilities to support credit flow.
Bank Cash Balances: Peaked at ₹7.53 trn, reflecting excess reserves post-RBI interventions.
Govt Surplus Cash: ₹249.69 bn available with RBI for auction, easing fiscal pressures.
Context: Aligns with INR at 90.79 low, Nifty futures -0.37%, 10Y yield 6.5988%—RBI buffers volatility.
Sources: Reuters, Moneycontrol
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