Money Market Operations as on June 21, 2026 – Reserve Bank of India – Press Release 2026-2027/509 – June 22, 2026
Policy Rates and Liquidity
The RBI’s Marginal Standing Facility (MSF) operated on 21 June 2026 for a one‑day tenor, injecting ₹487.00 crore at a rate of 5.50 %. The Standing Deposit Facility (SDF) on the same day injected ₹1,44,129.00 crore at 5.00 %. Net liquidity injected from today’s operations was –₹1,43,642.00 crore, indicating overall liquidity absorption. Outstanding variable‑rate repo operations included a three‑day repo of ₹16,750.00 crore at 5.26 % (auctioned on 19 June) and a seven‑day repo of ₹89,440.00 crore at 5.26 % (auctioned on 16 June). Reverse repo operations were nil. Additional variable‑rate MSF and SDF operations on 20 June injected ₹33.00 crore (MSF) and ₹2,460.00 crore (SDF) respectively, both at the prevailing rates.
Banking and Credit
Cash reserves of scheduled commercial banks as of 21 June 2026 amounted to ₹8,04,550.83 crore. The average daily cash reserve requirement for the fortnight ending 30 June 2026 was ₹8,01,069.00 crore. Net durable liquidity as of 31 May 2026 showed a surplus of ₹4,86,400.00 crore. The Government of India’s surplus cash balance available for auction on 19 June 2026 was ₹16,750.00 crore. Standing Liquidity Facility (SLF) availed from RBI amounted to ₹10,734.89 crore. Net liquidity injected from outstanding operations (including today’s) was ₹1,12,956.89 crore, while total net liquidity including today’s operations was –₹30,685.11 crore.
Overall, the RBI’s operations on 21‑22 June 2026 reflected a net withdrawal of liquidity from the system, with high cash reserve balances and ample durable liquidity surplus, supporting monetary stability.