Document title: Money Market Operations as on October 22, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/1371
Date: October 23, 2026
Policy Rates and Liquidity
The RBI conducted a 1‑day repo operation on Thursday, 22 October 2026, auctioning ₹50,006.00 crore at a rate of 5.54%. A 1‑day Marginal Standing Facility (MSF) operation of ₹3,746.00 crore was priced at 5.75%, and a 1‑day Standing Deposit Facility (SDF) operation of ₹1,61,742.00 crore carried a rate of 5.25%. Net liquidity injected from today’s operations was a withdrawal of ₹1,07,990.00 crore. Earlier, a 7‑day repo on Monday, 19 October 2026, absorbed ₹1,00,014.00 crore at 5.51%, while a 29‑day reverse repo on Thursday, 8 October 2026, injected ₹33,055.00 crore at 5.49%. The Standing Liquidity Facility (SLF) availed from the RBI amounted to ₹9,776.05 crore. Net liquidity injected from outstanding operations stood at ₹76,735.05 crore, resulting in an overall net liquidity injection (including today’s operations) of –₹31,254.95 crore.
Banking and Credit
Cash reserves of scheduled commercial banks as on 22 October 2026 were ₹8,45,922.05 crore. The average daily cash reserve requirement for the fortnight ending 31 October 2026 was ₹8,33,309.00 crore. The Government of India’s surplus cash balance reckoned for auction on the same date was ₹50,006.00 crore. Net durable liquidity as on 30 September 2026 was reported at ₹10,14,401.00 crore.
Capital Markets and Flows
In the overnight segment (I+II+III+IV), total volume reached ₹7,14,822.46 crore with a weighted average rate of 5.66% (range 4.51‑6.00%). Call Money volume was ₹12,966.21 crore at a weighted average rate of 5.69% (range 4.85‑5.85%). Triparty Repo volume stood at ₹5,22,241.70 crore with a rate of 5.65% (range 5.21‑5.77%). Market Repo volume was ₹1,74,353.65 crore at 5.67% (range 4.51‑5.85%). Repo in Corporate Bonds amounted to ₹5,260.90 crore at a weighted average rate of 5.81% (range 5.75‑6.00%).
In the term segment, Notice Money volume was ₹445.40 crore at 5.68% (range 5.10‑5.85%). Term Money volume was ₹444.00 crore with a rate range of 5.50‑6.65%. Triparty Repo volume was ₹935.00 crore at 5.73% (range 5.50‑5.80%). Market Repo volume was ₹332.85 crore at 5.98% (range 5.97‑6.00%). Repo in Corporate Bonds for the term segment was ₹1,106.56 crore at a fixed rate of 7.20%.
The data reflect the RBI’s ongoing management of market liquidity through repo, MSF, SDF and other facilities, while maintaining stable rates across money market instruments.