Document title: Money Market Operations as on June 15, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/464
Date: June 16, 2026
Policy Rates and Liquidity
On 15 June 2026 the RBI conducted a one‑day repo operation of ₹28,220.00 crore at a rate of 5.26%, maturing on 16 June 2026. The Marginal Standing Facility (MSF) absorbed ₹5,597.00 crore at 5.50% for the same tenor, while the Standing Deposit Facility (SDF) injected ₹1,95,453.00 crore at 5.00%. Net liquidity injected from today’s operations was a withdrawal of ₹1,61,636.00 crore. Including outstanding operations, the cumulative net liquidity position reflected an overall absorption of ₹1,51,131.21 crore.
Money Market Operations
The overnight segment (I+II+III+IV) recorded a total one‑leg volume of ₹7,15,096.23 crore with a weighted average rate of 5.26% (range 1.50‑5.65%). Breakdown: Call Money volume was ₹18,322.10 crore at 5.29% (range 4.20‑5.40%); Triparty Repo volume was ₹5,12,509.85 crore at 5.27% (range 5.02‑5.50%); Market Repo volume was ₹1,77,505.98 crore at 5.23% (range 1.50‑5.65%); Repo in Corporate Bond volume was ₹6,758.30 crore at 5.31% (range 5.28‑5.50%).
In the term segment, Notice Money amounted to ₹83.70 crore at a weighted average rate of 5.18% (range 4.85‑5.30%). Term Money volume was ₹1,012.00 crore with rates ranging between 5.55% and 6.60%. Triparty Repo in the term segment recorded zero volume. Market Repo in the term segment amounted to ₹606.89 crore at a flat rate of 5.55%.
Banking Liquidity Position
Cash balances of scheduled commercial banks with the RBI stood at ₹7,60,831.28 crore as of 15 June 2026. The average daily cash reserve requirement for the fortnight ending 15 June 2026 was ₹7,90,713.00 crore, indicating that banks held marginally lower cash than required on average.
The Government of India’s surplus cash balance reckoned for auction on 15 June 2026 was ₹28,220.00 crore, contributing to a net durable liquidity surplus of ₹4,86,400.00 crore as of 31 May 2026.
Notes: * relates to uncollateralised transactions of 2‑14 days tenor; @@ relates to uncollateralised transactions of 15 days to one year tenor; $ includes refinance facilities extended by RBI; & as per Press Release No. 2025‑2026/1201 dated 30 September 2025; Δ as per Press Release No. 2022‑2023/41 dated 8 April 2022; net liquidity is calculated as Repo + MSF + SLF − Reverse Repo − SDF; ¥ as per Press Release No. 2014‑2015/1971 dated 19 March 2015; # as per Press Release No. 2023‑2024/1548 dated 27 December 2023; ^ as per Notification No. RBI/2025‑26/148 DOR.RET.REC.354/12.01.001/2025‑26 dated 11 December 2025.
The data underscores the RBI’s active liquidity management through repo, MSF and SDF operations, while highlighting the prevailing volumes and rates in the overnight and term money markets and the cash reserve position of scheduled commercial banks.