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Incremental CRR causes system liquidity to be deficit-Liquidity Cheat Sheet-Aug 2023

RBI announced incremental CRR to absorb excess liquidity. This has made system liquidity to become deficit during the current month.

Dated 25 Aug 2023

By Team INRBonds

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System liquidity stays in adequate surplus level - Liquidity Cheat sheet-July 2023

Total Forex reserves stood at USD 609 billion as of 14th July 2023. RBI was net buyer of USD during May 23. Net buying of US dollar was USD 7.37 billion during May 23 as compared to net selling of USD 7.7 billion in April 23.

Dated 24 Jul 2023

By Team INRBonds

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System liquidity declined due to advance tax outflow- Liquidity Cheat sheet-June 2023

Owing to advance tax outflow, system liquidity remained subdued.

Dated 26 Jun 2023

By Team INRBonds

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System Liquidity falls although stays in surplus- Liquidity Cheat sheet-May 2023

System Liquidity came down in May as compared to previous month. It stood at Rs 475 billion as of 22nd May 2023.

Dated 24 May 2023

By Team INRBonds

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System liquidity becomes surplus driven by rise in bank deposits- Liquidity Cheat sheet-April 2023

System liquidity regained surplus level during April as bank's deposit increases. As of 20th April 2023, liquidity stood at Rs 1355 billion of surplus.

Dated 23 Apr 2023

By Team INRBonds

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System liquidity is in deficit zone due to advance tax outflow and year end fund demands-March 23

System liquidity declined further in March a compared to last month driven by factors such as advance tax out flow, year-end fund demand from banks and dollar selling by RBI.

Dated 23 Mar 2023

By Team INRBonds

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System liquidity to stay in high deficit zone towards end of March - Liquidity Cheat sheet-Feb 2023

System liquidity came down by around Rs 882 billion month on month and was at a deficit of Rs 204 billion as of 17th Feb 2023. Liquidity absorption through Reverse Repo and SDF stood at Rs 1262 billion as of 17th Feb 2023.

Dated 20 Feb 2023

By Team INRBonds

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RBI’s dollar buying makes system liquidity in surplus zone- Liquidity Cheat sheet-Jan 2023

System liquidity rose by around Rs 967 billion month on month and was at a surplus of Rs 678 billion as of 19th Jan 2023. Liquidity absorption through Reverse Repo and SDF stood at Rs 1565 billion as of 19th Jan 2023.

Dated 20 Jan 2023

By Team INRBonds

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Liquidity gets tightened due to RBI’s dollar selling- Liquidity Cheat sheet-Dec 2022

System liquidity declined by around Rs 1263 billion month on month and was at a deficit of Rs 288 billion as of 20th Dec 2022. Liquidity absorption through Reverse Repo and SDF stood at Rs 833 billion as of 20th Dec 2022.

Dated 22 Dec 2022

By Team INRBonds

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ICDR at 141% shows tight funds situation - Liquidity Cheat sheet-Nov 2022

System liquidity rose by around Rs 850 billion month on month and was at a surplus of Rs 975 billion as of 17th Nov 2022. Liquidity absorption through Reverse Repo and SDF stood at Rs 2014 billion as of 17th Nov 2022.

Dated 21 Nov 2022

By Team INRBonds

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RBI continues USD selling spree- Liquidity Cheat sheet-Oct 2022

System liquidity declined by around Rs 357 billion month on month and was at a surplus of Rs 125 billion as of 17th Oct 2022. Liquidity absorption through Reverse Repo and SDF stood at 1248 billion as of 17th Oct 2022.

Dated 19 Oct 2022

By Team INRBonds

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Sharp drop in liquidity - Liquidity Cheat sheet-Sep 2022

System liquidity declined by around Rs 530 billion month on month and was at a surplus of Rs 482 billion as of 15th Sep 2022. Liquidity absorption through Reverse Repo and SDF stood at 1684 billion as of 15th Sep 2022.

Dated 19 Sept 2022

By Team INRBonds

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Sharp fall in liquidity to tighten money markets - Liquidity Cheat sheet-Aug 2022

System liquidity declined by around Rs 330 billion month on month and was at a surplus of Rs 1012 billion as of 17th Aug 2022. Liquidity absorption through Reverse Repo and SDF stood at 2233 billion as of 17th Aug 2022.

Dated 19 Aug 2022

By Team INRBonds

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ICDR crosses 100% - Liquidity Cheat sheet-July 2022

System liquidity declined by around Rs 403 billion month on month and was at a surplus of Rs 2463 billion as of 14th July 2022. Liquidity absorption through Reverse Repo and SDF stood at 3.79 billion as of 14th July 2022.

Dated 18 Jul 2022

By Team INRBonds

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Systemic liquidity continues to decline-Liquidity Cheat Sheet-June 2022

System liquidity declined by around Rs 2447 billion month on month and was at a surplus of Rs 2886 billion as of 16th June 2022. Liquidity absorption through Reverse Repo and SDF stood at 4.22 billion as of 16th June 2022.

Dated 19 Jun 2022

By Team INRBonds

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Liquidity drops due to USD/INR sell buy swap operation-Liquidity Cheat Sheet-May 22

System liquidity declined by around Rs 1689 billion month on month and was at a surplus of Rs 5313 billion as of 17th May 2022. Reverse Repo stood at Rs 3.72 trillion while Standard Deposit Facility (SDF) came in at Rs 2.81 trillion as of 17th May 2022.

Dated 19 May 2022

By Team INRBonds

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RBI sell buy swaps to suck out liquidity- Liquidity Cheat sheet-Apr 2022

System liquidity rose by around Rs 1633 billion month on month and was at a surplus of Rs 7002 billion as of 18th Apr 2022. Reverse Repo stood at Rs 5.87 trillion while Standard Deposit Facility (SDF) came in at Rs 2.34 trillion as of 18th Apr 2022.

Dated 20 Apr 2022

By Team INRBonds

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RBI USD 5 billion sell-buy swap sucks out liquidity - Liquidity Cheat sheet-Mar 2022

System liquidity declined by around Rs 1929 billion month on month and was at a surplus of Rs 5367 billion as of 16th Mar 2022. Reverse Repo stood at Rs 6.47 trillion.

Dated 21 Mar 2022

By Team INRBonds

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Government spending pumps up system liquidity - Liquidity Cheat sheet-Feb 2022

System liquidity rose by around Rs 1090 billion month on month and was at a surplus of Rs 7298 billion as of 16th Feb 2022.

Dated 17 Feb 2022

By Team INRBonds

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Liquidity eased, as pace of fx buying slowed down - Liquidity Cheat sheet-Jan 22

System liquidity came down by around Rs 1596 billion month on month and was at a surplus of Rs 6207 billion as of 17th Jan 2022. Reverse Repo stood at Rs 7.31 trillion.

Dated 18 Jan 2022

By Team INRBonds

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RBI sells USD, keeping liquidity in check- Liquidity Cheat sheet-Dec 21

System liquidity came down by around Rs 488 billion month on month and was at a surplus of Rs 7804 billion as of 15th Dec 2021. Reverse Repo stood at Rs 8.88 trillion.

Dated 17 Dec 2021

By Team INRBonds

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Money continues to surge in the system - Liquidity Cheat sheet-Nov 21

System liquidity rose by around Rs 1188 billion month on month and was at a surplus of Rs 8285 billion as of 15th Nov 2021. Reverse Repo stood at Rs 9.36 trillion. Currency in circulation rose by Rs 363 billion on monthly basis in Nov 2021(as of 5th Nov).

Dated 17 Nov 2021

By Team INRBonds

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How can RBI sterilize Rs 7 trn of liquidity? - Liquidity Cheat sheet-Oct 21

In order to neutralize excess systemic liquidity, RBI has taken various steps such as fine-tuning variable reverse repo auction, selling of government bonds and stopping of G-SAP operation recently

Dated 20 Oct 2021

By Team INRBonds

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Deluge of money by RBI - Liquidity Cheat sheet-Sep 21

Total Forex reserves stood at USD 642 billion as of 3rd Sep 2021. RBI bought net amount of USD 7.20 billion in July 2021 and has cumulatively bought USD 35.89 billion during Apr-July 2021.

Dated 21 Sept 2021

By Team INRBonds

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RBI fx purchase and G-SAP auction keep liquidity over Rs 7 trillion - Liquidity Cheat sheet-Aug 21

Total Forex reserves stood at USD 619 billion as of 13th Aug 2021. RBI bought net amount of USD 18.63 billion in June 2021 and has cumulatively bought USD 28.68 billion during Apr-June 2021.

Dated 23 Aug 2021

By Team INRBonds

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Liquidity surges on RBI bond and currency buying- Liquidity Cheat sheet-July 21

RBI bought government bonds of Rs 200 billion in July 2021 under G-SAP 2.0 program as announced earlier. This led to rise in systemic liquidity in July 2021.

Dated 19 Jul 2021

By Team INRBonds

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Fx purchases, G-SAP keeps liquidity high- Liquidity Cheat sheet-June 21

System liquidity declined by around Rs 607 billion month on month and was at a surplus of Rs 4288 billion as of 17th June 2021. Reverse Repo stood at Rs 5.18 trillion.

Dated 18 Jun 2021

By Team INRBonds

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Liquidity to stay in surplus of around Rs 5 trillion- Liquidity Cheat sheet-May 21

Liquidity has been in high surplus for a while and is likely to stay in surplus of around Rs 5 trillion going forward. Government spending, RBI G-SAP and fx flows will keep liquidity high. RBI is buying Rs 1 trillion of bonds this quarter under G-SAP. Covid lockdown will keep government spending high while fx flows can continue on back of global liquidity.

Dated 20 May 2021

By Team INRBonds

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RBI is building aggressive forward fx positions - Liquidity Cheat sheet-Apr 21

RBI is buying USD in the forward market to reduce the impact of its fx intervention on system liquidity. 1% CRR hike impact on liquidity will be nullified through OMO bond purchases of Rs 1 trillion in this quarter.

Dated 28 Apr 2021

By Team INRBonds

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Liquidity drops on advance tax outflows - Liquidity Cheat sheet-Mar 21

System liquidity came down by around Rs 2074 billion months on month and was at a surplus of Rs 3923 billion as of 19th March 2021. Reverse Repo stood at Rs 5.02 trillion. Currency in circulation rose by Rs 245 billion in March 2021(as of 19th March).

Dated 23 Mar 2021

By Team INRBonds

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Liquidity stays in high surplus- Liquidity Cheat sheet-Feb 21

Total Forex reserves stood at USD 583.87 billion as of 19th February 2021. In FY21, Forex reserves increased by USD 106.06 billion. RBI bought USD 10.01 billion in December and has cumulatively bought USD 72.38 billion in the April-December period.

Dated 15 Mar 2021

By Team INRBonds

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How will RBI neutralize Rs 7 trillion of fx liquidity - Liquidity Cheat sheet-Jan 21

RBI has added a whopping Rs 7 trillion of liquidity as it built up fx reserves this fiscal year. Along with huge government spending, the liquidity surplus is highly inflationary in nature and RBI has to sterilize the liquidity. It has taken initial steps to suck out excess liquidity through term reverse repos but it needs to have a more longer term solution such as MSS bonds.

Dated 25 Jan 2021

By Team INRBonds

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RBI added Rs 5 trillion of liquidity in April-December 2020 through fx purchases - Liquidity Cheat sheet-Dec 20

System liquidity rose by around Rs 1463 billion month on month and was at a surplus of Rs 6557 billion as of 24th December 2020. Reverse Repo stood at Rs 6.12 trillion. Currency in circulation rose by Rs 371 billion in November 2020.

Dated 28 Dec 2020

By Team INRBonds

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Bank deposits surge by Rs 13 trillion, as RBI buys Fx -Nov 20

Banks have seen deposits surge but are not lending to the economy. This is hurting savers who are getting ultra low rates for their bank deposits.

Dated 18 Nov 2020

By Team INRBonds

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RBI added Rs 3.25 trillion through fx purchases and bond purchases - October 2020

Total Forex reserves stood at Rs 545.63 billion as of 2nd October 2020. In FY21 Forex reserves increased by USD 69 billion. RBI has pumped in over Rs 3 trillion of liquidity through fx purchases.

Dated 14 Oct 2020

By Team INRBonds

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RBI Continues tp Pump in Liquidity through Fx Purchases – September 2020

Total Forex reserves stood at Rs 542.01 billion as of 4th September 2020. In FY21 Forex reserves increased by USD 66 billion.

Dated 14 Sept 2020

By Team INRBonds

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RBI Pumps in Liquidity through Fx Purchases - August 2020

Total Forex reserves stood at Rs 538 billion as on 7th August 2020.In FY21 Forex reserves increased by USD 62.63 billion. RBI has pumped in over Rs 3 trillion of liquidity through fx purchases.

Dated 12 Aug 2020

By Team INRBonds

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RBI Pumps Up Liquidity through Fx Purchases – Liquidity Cheat Sheet July 2020

RBI has been buying USD in May & June and has taken up fx reserves to record USD 513 billion and this is also helping keep system liquidity high. RBI has added around Rs 2.2 trillion through fx purchases.

Dated 12 Jul 2020

By Team INRBonds

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RBI Fx Purchase Keeps Liquidity High - June 2020

LTROs, TLTROs and WMA given to central government and state governments are keeping system liquidity high.

Dated 12 Jun 2020

By Team INRBonds

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RBI Lending to Government Keeps Liquidity in Huge Surplus - May 2020

LTROs, TLTROs and WMA given to central government and state governments are keeping system liquidity high despite continued pressure on INR due to capital outflows.

Dated 12 May 2020

By Team INRBonds

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LTRO, TLTRO, WMA Keeping System Liquidity High - April 2020

LTROs, TLTROs and WMA given to central government and state governments are keeping system liquidity high despite continued pressure on INR due to capital outflows.

Dated 12 Apr 2020

By Team INRBonds

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RBI Fx Sales to Lower Surplus Liquidity - March 2020

RBI bought USD 10 billion in January, infusing over Rs 700 billion of liquidity into the system. However, with the INR falling to record lows,

Dated 12 Mar 2020

By Team INRBonds

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Liquidity Cheat Sheet February 2020

Government is borrowing money from RBI for its spending and this is leading to surging system liquidity. RBI has already issued Rs 1500 billion of Cash Management Bills to bring down the overdraft

Dated 12 Feb 2020

By Team INRBonds

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Government Overdraft Leads to Surging Liquidity - Jan 2020

Government is borrowing money from RBI for its spending and this is leading to surging system liquidity. RBI has already issued Rs 900 billion of Cash Management Bills to bring down the overdraft

Dated 12 Jan 2020

By Team INRBonds