The Reserve Bank of India (RBI) reported net liquidity absorption of ₹138,116.13 crore for Nov. 9, a measure combining that day’s transactions and facilities still outstanding.
The RBI’s overnight money-market table recorded activity worth ₹737,804.31 crore, with the weighted average rate at 5.50%. Reported rates ranged from 3% to 7.50%. Triparty repo accounted for ₹539,199.30 crore at 5.47%, and market repo for ₹176,503.97 crore at 5.57%. Call money amounted to ₹14,551.04 crore at 5.59%, while corporate-bond repo was ₹7,550 crore at 5.74%.
The term segment was smaller. Triparty repo reached ₹9,679.45 crore at 5.53%, and market repo totaled ₹330 crore at 5.25%. Notice money stood at ₹292.55 crore at 5.45%; term money was ₹348 crore, with rates ranging from 5.60% to 6.20%. The RBI recorded no term corporate-bond repo transaction.
The Nov. 6 reading was ₹203,423.13 crore, leaving the latest figure ₹65,307 crore lower. EconoTimes previously covered the Nov. 6 money-market figures. The RBI published its new table Nov. 11. Its calculation adds repo, Marginal Standing Facility (MSF) and Standing Liquidity Facility (SLF) lending, then subtracts reverse repo and Standing Deposit Facility (SDF) placements.
Operations initiated Nov. 9 produced net absorption of ₹148,423 crore. The RBI took in ₹204,665 crore through the SDF, while providing ₹50,003 crore in a four-day repo and ₹6,239 crore through the MSF. It also reported ₹10,306.87 crore availed under the SLF, which reduced the net absorption total when outstanding facilities were included.
In a separate four-day variable-rate repo auction, the RBI allotted ₹50,003 crore against a notified ₹50,000 crore, after receiving bids totaling ₹62,872 crore. The cutoff rate was 5.51%, and the weighted average rate was 5.54%. The RBI allotted 15.18% of bids received at the cutoff rate; the repo is scheduled to mature Friday, Nov. 13.
