Money Market Operations Report: June 3, 2024 Insights
The Reserve Bank of India's money market operations on June 3, 2024, highlighted several key financial indicators. Volumes in various segments such as Overnight, Call Money, and Market Repo were detailed. Rates ranged from 1.00% to 7.45%. The liquidity position and balance with the RBI were also noted.
- Country:
- India
On June 3, 2024, the Reserve Bank of India unveiled a detailed report on its money market operations. The report elaborated on the volumes and interest rates across various segments including the Overnight, Call Money, and Market Repo.
Key segments recorded notable volumes, with the Call Money segment alone handling ₹10,519.04 crore at rates between 5.10% and 6.55%. The Market Repo segment saw volumes of ₹180,309.10 crore with rates fluctuating from 1.00% to 6.55%.
Additionally, the RBI's operation noted the liquidity adjustment, highlighting a net absorption of liquidity from the market. Cash reserves held by scheduled commercial banks with the RBI as of June 3 stood at ₹974,107.00 crore.
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