Document title: Money Market Operations as on June 20, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/508
Date: June 22, 2026
Policy Rates and Liquidity
The RBI disclosed that the overnight money‑market segment recorded a weighted average rate of 5.02% with a range of 4.70% to 5.25%. Call money traded at an average of 4.85% within a 4.70%‑4.90% band. Triparty repo operations carried an average rate of 5.03% (range 4.80%‑5.20%) and market repo averaged 5.05% (range 4.90%‑5.25%). The Marginal Standing Facility (MSF) rate was fixed at 5.50% for both 1‑day (Saturday 20/06/2026 to Sunday 21/06/2026) and 2‑day (Saturday 20/06/2026 to Monday 22/06/2026) tenors. The Standing Deposit Facility (SDF) rate was set at 5.00% for the same tenors, with volumes of ₹1,45,394.00 crore for 1‑day and ₹2,460.00 crore for 2‑day deposits. Net liquidity injected from today’s operations amounted to a withdrawal of ₹147,587.00 crore. From outstanding operations, the net injection was ₹115,383.89 crore, leading to an overall net liquidity position (including today) of a withdrawal of ₹32,203.11 crore. The Standing Liquidity Facility (SLF) was availed for ₹10,734.89 crore.
Money Market Activity
Total one‑leg volume in the overnight segment reached ₹15,911.44 crore. The breakdown is as follows: Call money contributed ₹740.10 crore at 4.85% average; Triparty repo accounted for ₹15,083.50 crore at 5.03% average; Market repo added ₹87.84 crore at 5.05% average; Repo in corporate bonds recorded zero activity. The term segment showed no activity across notice money, term money, triparty repo, market repo, or corporate‑bond repo, with all figures reported as zero.
Reserve Position
Cash reserves of scheduled commercial banks stood at ₹8,03,096.61 crore on June 20, 2026. The average daily cash reserve requirement for the fortnight ending June 30, 2026 was ₹8,01,069.00 crore. The Government of India’s surplus cash balance available for auction as of June 19, 2026 was ₹16,750.00 crore. Net durable liquidity (surplus) as of May 31, 2026 was reported at ₹4,86,400.00 crore.
Overall, the RBI’s June 2026 money‑market operations indicate a substantial net liquidity absorption of over ₹32,000 crore, while maintaining stable short‑term rates and robust cash‑reserve positions among scheduled banks. This reflects the central bank’s ongoing liquidity‑management stance amid prevailing market conditions.