Document title: Money Market Operations as on September 24, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/1183
Date: September 25, 2026
Policy Rates and Liquidity
The RBI’s today‑day operations on 24‑Sep‑2026 included a reverse repo of 1,01,399.00 crore at 5.24%, a marginal standing facility (MSF) of 34.00 crore at 5.50% and a standing deposit facility (SDF) of 1,61,909.00 crore at 5.00%. Net liquidity injected from today’s operations was a withdrawal of 2,63,274.00 crore. Outstanding reverse‑repo operations as of 11‑Sep‑2026 amounted to 39,449.00 crore (5.24%) and 1,28,776.00 crore (5.24%) maturing on 07‑Oct‑2026. Net liquidity injected from outstanding operations was a withdrawal of 1,63,979.24 crore. Combining today’s and outstanding operations, total net liquidity injected (i.e., absorbed) stood at –4,27,253.24 crore.
Money Market Operations
The overnight segment (I+II+III+IV) recorded a total volume of 7,46,294.77 crore with a weighted average rate of 5.08% and a rate range of 3.85‑5.40%. Within this segment, Call Money volume was 19,916.29 crore at 5.12% (range 4.30‑5.25%), Triparty Repo volume was 5,40,980.80 crore at 5.09% (range 5.00‑5.15%), Market Repo volume was 1,78,322.68 crore at 5.05% (range 3.85‑5.30%) and Repo in Corporate Bond volume was 7,075.00 crore at 5.24% (range 5.20‑5.40%).
In the term segment, Notice Money stood at 127.00 crore with an average rate of 5.03% (range 4.95‑5.15%). Term Money was 20.00 crore with a rate band of 5.40‑6.10%. Triparty Repo in the term segment was 161.50 crore at 5.17% (range 5.10‑5.30%). Market Repo and Repo in Corporate Bond for the term segment were nil.
Banking and Credit
Cash reserves of scheduled commercial banks as on 24‑Sep‑2026 were 8,20,156.38 crore. The average daily cash reserve requirement for the fortnight ending 30‑Sep‑2026 was 8,21,989.00 crore.
Financial Stability
The net liquidity absorption of 4,27,253.24 crore indicates a tightening stance by the RBI, while money‑market rates remained around the 5% level, reflecting stable market conditions.
Overall, the RBI’s operations on 24‑Sep‑2026 absorbed significant liquidity, maintained money‑market rates near 5%, and left bank cash‑reserve positions largely unchanged.