Reserve Bank of India (RBI) injects ₹48,014 crore via 7-day VRR auction

Exam-focused facts from the 19 March 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) infused ₹48,014 crore into the banking system through a seven-day variable rate repo (VRR) auction.
The funds were injected at a cut-off and weighted average rate of 5.26 per cent.
The auction amount was significantly lower than the notified ₹1.50 lakh crore.
Surplus liquidity in the banking system dropped to around ₹75,483.63 crore as of March 16 from ₹2.08 lakh crore on March 15 due to advance tax outflows.
Since January 2026, the RBI has infused ₹3.50 lakh crore of durable liquidity through open market purchases (OMO) of government securities.