RBI Liquidity Snapshot: Banks Tap Refinance Amid Surplus Balances

Liquidity Operations Update

The Reserve Bank of India disclosed key money market metrics for November 27, 2025. Scheduled commercial banks maintained cash balances of ₹7,941 crore with RBI, below the fortnightly average CRR requirement. Government surplus cash for auctions stood at zero, signaling no excess for reverse repo absorption.​

RBI Interventions

RBI conducted refinance operations totaling ₹73.96 billion to support banking liquidity needs. Banks borrowed modestly via Marginal Standing Facility (MSF) at ₹3.18 billion, indicating controlled short-term pressures. Net liquidity remained in deficit territory at -₹1.145 lakh crore including prior operations.​

Key Highlights

Bank Cash Balances: ₹7,941 crore with RBI (Nov 27).

Govt Surplus: Nil for auction purposes.

Refinance Injected: ₹73.96 billion via RBI operations.

MSF Borrowing: ₹3.18 billion by banks.

Net Liquidity: -₹1,14,581 crore (surplus/deficit).

Sources: The Week/PTI.