Document title: Money Market Operations as on October 10, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1309
Date: October 12, 2026
Policy Rates and Liquidity
The RBI’s liquidity operations for the day of October 10, 2026 show a net absorption of ₹1,38,979.00 cr from today’s activities. The Marginal Standing Facility (MSF) was utilised on Saturday, 10‑Oct‑2026 for a one‑day tenor, injecting ₹381.00 cr at a rate of 5.75 %. The Standing Deposit Facility (SDF) was operated twice on the same day: a two‑day operation with zero injection and a one‑day operation absorbing ₹1,39,360.00 cr at 5.25 %. In the outstanding operations segment, a reverse repo dated 09‑Oct‑2026 for a three‑day tenor absorbed ₹1,39,847.00 cr at 5.49 %, while two term‑money operations (10‑day and 29‑day) absorbed ₹18,170.00 cr and ₹79,655.00 cr respectively, both at 5.49 %. The cumulative net liquidity injected, after accounting for both today’s and outstanding operations, stands at a negative ₹3,76,435.90 cr, indicating overall liquidity absorption by the system.
Banking and Credit
Cash reserves of scheduled commercial banks were reported at ₹7,86,097.56 cr as of October 10, 2026. The average daily cash reserve requirement (CRR) for the fortnight ending October 15, 2026 was higher, at ₹8,17,219.00 cr, reflecting the banks’ compliance with statutory reserve norms during the period.
Financial Stability and Inclusion
The substantial net liquidity absorption of ₹3.76 lakh cr, driven by the combined effect of MSF, SDF, and reverse repo operations, underscores the RBI’s active stance in managing short‑term money‑market liquidity. The absorption aligns with the central bank’s broader objective of maintaining monetary stability and ensuring adequate liquidity buffers in the banking system.
Overall, the RBI’s operations on October 10, 2026 demonstrate a concerted effort to withdraw excess liquidity from the market through multiple facilities, while maintaining transparent reporting of cash‑reserve positions of scheduled banks.