Document title: Money Market Operations as on July 10, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/647
Date: July 13, 2026
Policy Rates and Liquidity
The RBI conducted a repo operation on 10 July 2026 for a three‑day tenor, injecting ₹50,015.00 crore at a rate of 5.26 %. The Marginal Standing Facility (MSF) was offered on the same day for a one‑day tenor, providing ₹185.00 crore at 5.50 %. The Standing Deposit Facility (SDF) was availed for tenures of one, two and three days, delivering ₹1,70,818.00 crore, ₹0.00 crore and ₹3,444.00 crore respectively, all at a rate of 5.00 %. Net liquidity injected from today’s operations amounted to a withdrawal of ₹1,23,949.00 crore. Including outstanding operations, the total net liquidity injection (injection + absorption) was a net absorption of ₹1,13,865.18 crore.
Banking and Credit
Cash reserves of scheduled commercial banks as of 10 July 2026 stood at ₹7,87,469.09 crore. The average daily cash reserve requirement for the fortnight ending 15 July 2026 was ₹7,98,115.00 crore. Net durable liquidity recorded a surplus of ₹4,82,130.00 crore as of 15 June 2026.
Capital Markets and Flows
In the overnight segment (tenors I‑IV), total volume reached ₹6,60,202.50 crore with a weighted average rate of 5.22 % and a rate range of 4.00‑6.50 %. Call money contributed ₹22,988.27 crore at 5.35 % (range 4.50‑5.40 %). Triparty repo volume was ₹4,58,831.55 crore at 5.20 % (range 4.97‑5.50 %). Market repo amounted to ₹1,71,647.33 crore at 5.26 % (range 4.00‑5.50 %). Repo in corporate bonds recorded ₹6,735.35 crore at 5.43 % (range 5.35‑6.50 %). In the term segment, notice money volume was ₹44.15 crore at 5.12 % (range 4.90‑5.20 %). Term money volume was ₹1,025.00 crore with a rate range of 5.55‑5.85 %. Triparty repo in the term segment was ₹1,418.35 crore at 5.24 % (range 5.10‑5.40 %). Market repo in the term segment was ₹836.00 crore at 5.49 % (range 5.40‑5.58 %). Repo in corporate bonds for the term segment was nil.
Overall, the RBI’s operations on 10 July 2026 reflected a net liquidity absorption of over ₹1.13 lakh crore, while maintaining active money‑market participation across overnight and term segments and ensuring adequate cash reserves in the banking system.