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.
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
