RBI Money Market Operations: Overnight Rates Ease to 4.77% Weighted Average

The Reserve Bank of India's daily money market report shows overnight segment volumes at ₹10,622.50 crore with a weighted average rate of 4.77%, down from recent levels, indicating ample liquidity. Term repo volumes surged to ₹4.81 lakh crore, suggesting banks are parking surplus funds. This reflects continued accommodative monetary conditions, with no immediate policy shift signaled.