RBI Data Shows Robust Bank Cash Balances at ₹7.75 Trillion Amid Steady Refinance Activity; INR Opens Slightly Lower

RBI Reports Strong Liquidity, Refinance Operations, and Currency Movement

The Reserve Bank of India’s latest data for November 12 reveals ample liquidity in the banking system with a cash balance of ₹7.75 trillion held by banks. The government’s surplus cash held with the RBI for auction was nil on the day, indicating no excess cash requiring auction. Refinance operations, a key liquidity support channel, stood at ₹86.65 billion.

Banks made use of the Marginal Standing Facility (MSF), borrowing ₹8 billion to manage short-term liquidity needs. The Indian Rupee (INR) opened slightly weaker against the US dollar, down 0.03% to 88.6575 from the previous close of 88.63.

These figures collectively demonstrate the RBI's calibrated approach to liquidity management, ensuring stable money market conditions amid ongoing economic activity and government cash flows.

Key Highlights:

Banks’ cash balances with RBI at ₹7.75 trillion on November 12, 2025.

Government surplus cash available for auction was zero.

RBI refinance support amounted to ₹86.65 billion.

Banks borrowed ₹8 billion through Marginal Standing Facility for short-term liquidity.

Indian Rupee opened marginally down 0.03% at 88.6575 per USD.

Source: Reuters, Reserve Bank of India (RBI) official releases