Document title: RBI Money Market Operations – June 23, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/524
Date: June 24, 2026
Policy rates and liquidity
The RBI conducted a repo operation on 23 June 2026 for ₹1,41,171 crore with a weighted average rate of 5.26% and a tenor of 7 days. The Marginal Standing Facility (MSF) was utilised for ₹1,048 crore at a rate of 5.50% for a 1‑day tenor. The Standing Deposit Facility (SDF) was availed for ₹1,38,150 crore at a rate of 5.00% for a 1‑day tenor. Net liquidity injected from today’s operations amounted to ₹4,069 crore. Outstanding operations contributed an additional net liquidity injection of ₹10,754.89 crore, bringing total net liquidity injected (including today’s and outstanding operations) to ₹14,823.89 crore.
Banking and credit
Cash reserves of scheduled commercial banks as on 23 June 2026 stood at ₹7,85,161.16 crore. The average daily cash reserve requirement for the fortnight ending 30 June 2026 was ₹8,01,069.00 crore.
Capital markets and flows
Money market activity on 23 June 2026 recorded an overnight segment volume of ₹6,97,960.72 crore with a weighted average rate of 5.26% (range 4.00‑5.55%). The overnight segment comprised: Call Money ₹20,969.93 crore at 5.38% (range 4.20‑5.50%); Triparty Repo ₹4,87,749.60 crore at 5.24% (range 4.90‑5.40%); Market Repo ₹1,82,451.39 crore at 5.28% (range 4.00‑5.45%); Repo in Corporate Bond ₹6,789.80 crore at 5.43% (range 5.40‑5.55%).
The term segment showed: Notice Money ₹82.50 crore at 5.17% (range 4.85‑5.25%); Term Money ₹765.00 crore at 5.65‑6.20%; Triparty Repo ₹3,305.00 crore at 5.29% (range 5.15‑5.50%); Market Repo ₹98.82 crore at 5.40% (range 5.40‑5.40%); Repo in Corporate Bond ₹0.00.
The Standing Liquidity Facility (SLF) availed from the RBI amounted to ₹10,754.89 crore. The Government of India surplus cash balance reckoned for auction was ₹1,41,171 crore, and net durable liquidity stood at a surplus of ₹4,86,400 crore as of 31 May 2026.
Overall, the RBI’s operations on 23 June 2026 injected substantial liquidity into the system, reflected robust money‑market volumes, and maintained high cash‑reserve balances among scheduled commercial banks. The data underscores the central bank’s active role in managing short‑term liquidity and supporting market stability.