RBI Liquidity Pulse: ₹82.66 Bn Refinance Amid Surging Bank Balances!

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