Liquidity Cheat Sheet

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).

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

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.

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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

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.

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.

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

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.

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.

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,

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

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