Document title: Money Market Operations as on November 11, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference: Press Release 2026-2027/1481

Date: 12 November 2026

Liquidity and Policy Rates

The RBI’s Marginal Standing Facility (MSF) for 1‑day tenor was priced at 5.75% on 11 Nov 2026, with a maturity date of 12 Nov 2026. The Standing Deposit Facility (SDF) carried a rate of 5.25% for the same tenor, with an amount of ₹1,94,258 crore placed. Net liquidity injected from today’s operations was a withdrawal of ₹1,94,057 crore, indicating overall liquidity absorption.

Outstanding repo operations dated 09 Nov 2026 for a 4‑day tenor amounted to ₹50,003 crore at a rate of 5.51%. Net liquidity injected from outstanding operations (including today’s) was a net absorption of ₹1,33,747.13 crore after accounting for all repo, MSF and SDF movements.

The Standing Liquidity Facility (SLF) availed from the RBI stood at ₹10,306.87 crore.

Money Market Operations

In the overnight segment (tenors I‑IV) the total volume reached ₹7,55,541.15 crore with a weighted average rate of 5.39% and a rate range of 1.00‑6.60%.

  • Call Money: volume ₹15,202.33 crore, weighted rate 5.59%, range 4.30‑5.70%.
  • Triparty Repo: volume ₹5,53,968.65 crore, weighted rate 5.35%, range 4.51‑5.55%.
  • Market Repo: volume ₹1,78,772.07 crore, weighted rate 5.48%, range 1.00‑5.70%.
  • Repo in Corporate Bond: volume ₹7,598.10 crore, weighted rate 5.66%, range 5.50‑6.60%.

In the term segment:

  • Notice Money: volume ₹324.85 crore, weighted rate 5.44%, range 5.10‑5.65%.
  • Term Money: volume ₹1,123.50 crore, rate not disclosed, range 5.50‑6.00%.
  • Triparty Repo: volume ₹7,739.25 crore, weighted rate 5.31%, range 5.20‑5.60%.
  • Market Repo: volume ₹2,928.38 crore, weighted rate 5.56%, range 5.55‑5.70%.
  • Repo in Corporate Bond: zero volume.

Cash Reserve Position

Cash balances of scheduled commercial banks with the RBI as on 11 Nov 2026 were ₹8,48,055.51 crore. The average daily cash reserve requirement for the fortnight ending 15 Nov 2026 was ₹8,16,655.00 crore. The Government of India’s surplus cash balance for auction purposes was nil. Net durable liquidity as on 15 Oct 2026 stood at ₹7,93,409.00 crore.

Overall, the RBI’s operations on 11 Nov 2026 resulted in a net liquidity absorption of over ₹1.33 lakh crore, with policy rates remaining within the 5.25‑5.75% band and cash reserve positions remaining robust.