RBI's 30-day VRRR operation sees muted response amid high banking liquidity surplusBanks showed little interest in the Reserve Bank of India's 30-day reverse repo operation. This occurred even as banking system liquidity r...
India's banking system liquidity surplus hits over 4.5-year high at Rs 7.76 lakh croreIndia's banking system liquidity surplus has reached its highest point in over four years. This surge is attributed to record forex-inflow ...
FCNR rush leaves banks swimming in ₹6.65 lakh crore liquidityBanking system liquidity has reached a four-year high as FCNR(B) inflows entered the market. This excess liquidity has pushed the weighted ...
Short-term rates ease as banks see surge in dollar depositsLarge banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutions. This influx of funds has boost...
RBI monetary policy: Call below repo to comfort banks"Our attempt, of course, is to keep the WACR as near as possible to the policy rate. However, in times like this when there is so much unce...
RBI to continue to use overnight weighted average call rate as the operating target for monetary policyIt would, however, track other overnight money market segments in a bid to ensure orderly evolution of money market rates and smoothen tran...
RBI panel suggests keeping weighted average call rate as policy targetAn internal working group of the Reserve Bank of India has recommended retaining the Weighted Average Call Rate (WACR) as the main operatin...
RBI to conduct Rs 1 lakh-crore VRRR today to align market ratesThe Reserve Bank of India (RBI) will conduct a ₹1 lakh crore variable rate reverse repo (VRRR) operation to manage liquidity. This move aim...
Surplus liquidity pushes WACR to 6.16%, 9 bps lower than repo rateIndia's overnight borrowing costs for banks, indicated by the weighted average call rate (WACR), dipped to 6.16% on Monday, falling below t...
RBI governor urges banks to boost call money market tradingRBI Governor Sanjay Malhotra urged banks to actively trade in the uncollateralized call money market instead of passively parking funds wit...
WACR rises to 6.68% amid liquidity deficit; 10-year G-Sec yield steady at 6.84%The weighted average call rate, which indicates banks' overnight cost of borrowing, closed at 6.68% on Wednesday, 18 basis points higher th...
RBI steps keep average call rates in checkThe Reserve Bank of India has been managing surplus liquidity in the banking system. The goal is to align the weighted average call rate wi...
WACR 18 bps higher than repo rate despite surplus liquidityOn Monday, the weighted average call rate rose to 6.68%, exceeding the Reserve Bank of India's 6.50% repo rate, due to uneven liquidity dis...
RBI Policy Rate: No tango with repo, yet RBI moves ease ratesThe Reserve Bank of India (RBI) has indirectly eased policy rates through consistent liquidity injections, leading to a decline in the weig...
Liquidity measures widen market-repo rate disconnectThe Reserve Bank of India aims to align market rates with the repo rate, but liquidity conditions have caused a disconnect. The weighted av...
RBI's nimble and flexible in managing liquidity: GuvSince April 2022, the RBI has adopted a stance of focusing on withdrawal of accommodation to tackle inflation. Liquidity in the banking sys...
Effective rates now largely higher than repo rateAn analysis of the weighted average call rate (WACR) shows that the key overnight market rate has been much higher than the repo rate was d...