RBI injects Rs 1 lakh crore via 7-day repo auction as liquidity tightens

The Reserve Bank of India injected Rs 1 lakh crore (~$10.5B) into the banking system via a 7-day repo auction to ease liquidity tightening, with banks bidding Rs 1.5 trillion as funding pressure pushed overnight borrowing rates above the policy rate. Another Rs 50,000 crore liquidity operation is scheduled for Wednesday.

Detected & updated continuously · Source: Nebula