The liquidity injected was much lower than the notified amount of ₹1 trillion, despite the sharp drop in surplus liquidity in the banking system due to advance tax payments

The Reserve Bank of India (RBI) on Monday infused ₹79,256 crore transient liquidity into the banking system through overnight variable rate (VRR) auction.

 

The RBI injected the funds at cut-off and weighted average rates of 5.26 per cent, the central bank said in a release.

 

The liquidity injected was much lower than the notified amount of ₹1 trillion, despite the sharp drop in surplus liquidity in the banking system due to advance tax payments.

 

Currently, liquidity in the banking system is estimated to be in deficit of about ₹65,395.64 crore as on March 23.

 

On March 20, the central bank had infused ₹25,101 crore transient liquidity in the banking system through a three-day VRR auction.

 

On March 17, the RBI injected ₹48,014 crore liquidity in to the banking system via seven-day VRR.

 

Prior to this, the RBI infused ₹3.50 trillion of durable liquidity into the banking system through open market purchase (OMO) of government securities since January 2026.