The Reserve Bank of India (RBI) reported net liquidity absorption of ₹13,453.13 crore for Oct. 28, as outstanding transactions offset most of the funds it took in through same-day operations.
For current-day operations, the RBI absorbed ₹146,312 crore net. The RBI absorbed ₹146,807 crore through its one-day Standing Deposit Facility at 5.25%, while ₹495 crore was drawn through the one-day Marginal Standing Facility at 5.75%. Both facilities were scheduled to mature Oct. 29.
Earlier operations supplied a net ₹132,858.87 crore. The RBI’s tally included a ₹150,007 crore repo dated Oct. 26 and due Oct. 30, a ₹25,555 crore reverse repo dated Oct. 8 and due Nov. 6, and ₹8,406.87 crore availed through the Standing Liquidity Facility.
Overnight money-market trading totaled ₹727,784.70 crore at a weighted average rate of 5.59%, within a range of 4%-5.95%. Triparty repo made up the largest share, at ₹511,103.10 crore and an average rate of 5.57%. Market repo recorded ₹192,162.95 crore at 5.61%; call money, ₹18,241.55 crore at 5.68%; and corporate-bond repo, ₹6,277.10 crore at 5.76%.
In the term market, triparty repo volume was ₹3,837.40 crore at an average rate of 5.60%, while corporate-bond repo averaged 7.50% on ₹154.05 crore. Notice money totaled ₹135 crore at 5.33%. Term money volume was ₹661.90 crore, with a 5.45%-6.90% rate range; the RBI did not report a weighted average rate for that segment.
Scheduled commercial banks’ cash balances with the RBI stood at ₹847,924.39 crore on Oct. 28. The RBI put banks’ daily-average cash reserve requirement at ₹833,309 crore for the fortnight ending Oct. 31.
The RBI’s Oct. 22 statement recorded net absorption of ₹31,254.95 crore, a figure included in EconoTimes’ coverage of India’s 10-year bond yield. The next listed maturity was Oct. 29, when the one-day facilities were due to mature.
