RBI July 2026 Money Market Liquidity -₹2.46L

Document title: Money Market Operations as on July 31, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference number: Press Release 2026-2027/797

Date: August 03, 2026

Policy Rates and Liquidity

The RBI’s net liquidity position for the day of July 31, 2026 shows a total absorption of ₹2,45,912.00 crore, calculated as Repo + MSF + SLF – Reverse Repo – SDF. The Standing Liquidity Facility (SLF) availed from RBI amounted to ₹12,979.66 crore, contributing to a net outstanding liquidity injection of the same amount. Combining today’s operations with outstanding positions, the overall net liquidity injected stands at a negative ₹2,32,932.34 crore, indicating a net withdrawal of liquidity from the system.

Money Market Operations – Overnight Segment

The overnight segment (covering tenors I to IV) recorded a total one‑leg volume of ₹16,132.08 crore. The weighted average rate across the segment was 5.28 percent, with a rate range of 3.50 percent to 5.60 percent.

• Call Money: volume ₹1,459.85 crore, weighted average rate 5.15 percent, range 4.70‑5.42 percent.
• Triparty Repo: volume ₹7,458.30 crore, weighted average rate 5.26 percent, range 4.80‑5.45 percent.
• Market Repo: volume ₹250.48 crore, weighted average rate 3.90 percent, range 3.50‑4.00 percent.
• Repo in Corporate Bond: volume ₹6,963.45 crore, weighted average rate 5.39 percent, range 5.32‑5.60 percent.

Money Market Operations – Term Segment

The term segment comprised several instruments:

• Notice Money (uncollateralised 2‑14 day tenor): volume ₹12,696.80 crore, weighted average rate 5.37 percent, range 4.60‑5.45 percent.
• Term Money (uncollateralised 15‑365 day tenor): volume ₹445.00 crore, rate not disclosed, range 5.65‑6.15 percent.
• Triparty Repo: volume ₹4,65,720.80 crore, weighted average rate 5.20 percent, range 4.90‑5.70 percent.
• Market Repo: volume ₹1,79,311.33 crore, weighted average rate 5.16 percent, range 2.50‑5.50 percent.
• Repo in Corporate Bond: no transactions recorded (₹0.00).

Cash Reserve Position of Scheduled Commercial Banks

As of July 31, 2026, scheduled commercial banks held cash balances with the RBI of ₹8,26,172.34 crore. The average daily cash reserve requirement for the fortnight ending July 31, 2026 was ₹8,15,720.00 crore.

Net Liquidity Summary

• Net liquidity injected from today’s operations: –₹2,45,912.00 crore (absorption).
• Net liquidity injected from outstanding operations: ₹12,979.66 crore (injection).
• Combined net liquidity injected (outstanding including today’s operations): –₹2,32,932.34 crore.

The data reflects the RBI’s ongoing management of liquidity through repo, reverse repo, MSF, SDF and SLF facilities, with a net withdrawal of liquidity on the reporting date.