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Rupee Opens Strong; RBI Liquidity Moves Signal Balanced Market Pulse

Updated: July 24, 2025 09:54

Image Source : NDTV Profit
India’s financial markets opened with a modest currency gain and a flurry of liquidity operations on July 23, reflecting a cautiously optimistic tone.
 
Currency Movement
 
- The Indian rupee opened 0.1 percent higher at 86.33 per US dollar, compared to the previous close of 86.4075.
 
- The uptick aligns with stable global cues and a steady demand-supply balance in forex markets.
 
RBI Liquidity Operations
 
- The Reserve Bank of India conducted money market operations to manage short-term liquidity.
 
- Banks’ aggregate cash balances stood at Rs 9.69 trillion, indicating robust liquidity in the system.
 
- The central bank refinanced Rs 104.03 billion, supporting short-term funding needs.
 
Government Surplus Auction
 
- The Indian government’s surplus cash balance with RBI was Rs 500.01 billion, earmarked for auction.
 
- This move helps sterilize excess liquidity and maintain monetary discipline.
 
Marginal Standing Facility
 
- Indian banks borrowed Rs 8.20 billion via the MSF window, reflecting moderate overnight funding demand.
 
Sources: Reuters, RBI Bulletin, Capital Market News.

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