Document title: Money Market Operations as on September 07, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference: Press Release 2026-2027/1063
Date: 08 September 2026
Policy Rates and Liquidity
The RBI reported a weighted average repo rate of 4.50 % for the overnight segment, with a range of 0.50‑5.30 %. Call money averaged 4.97 % (range 4.50‑5.15 %), triparty repo 4.59 % (range 4.32‑4.95 %), market repo 4.23 % (range 0.50‑5.05 %), and repo in corporate bonds 4.97 % (range 4.90‑5.30 %). In the term segment, notice money averaged 4.94 % (range 4.55‑5.02 %) and term money was quoted at 5.10‑6.00 % without a disclosed average. The Marginal Standing Facility (MSF) rate was 5.24 % for a 30‑day tenor on 7 Sep and 5.50 % for a 1‑day tenor on 8 Sep. The Standing Deposit Facility (SDF) rate was 5.00 % for a 1‑day tenor on 8 Sep.
Liquidity Operations
On 7 Sep 2026 the RBI conducted a reverse repo operation of ₹3,53,390.00 crore at 5.24 %. The net liquidity injected from today’s operations was a deficit of ₹7,93,382.00 crore. Outstanding reverse repo operations from 1 Sep and 31 Aug amounted to ₹1,14,320.00 crore and ₹1,34,625.00 crore respectively, both at 5.24 %. The Standing Liquidity Facility (SLF) availed by banks amounted to ₹5,841.50 crore. Overall net liquidity injected, combining outstanding and today’s operations, was a deficit of ₹10,36,485.50 crore.
Banking and Credit – Reserve Positions
Cash reserves of scheduled commercial banks were ₹8,21,955.58 crore on 7 Sep 2026 and ₹8,10,284.00 crore on 15 Sep 2026, reflecting the cash balances with the RBI and the average daily cash reserve requirement for the fortnight.
Financial Stability Indicators
The net durable liquidity position as of 15 Aug 2026 showed a surplus of ₹8,05,736.00 crore.
Regulatory and Policy Context
All figures are based on data from the Reserve Bank of India and the Clearing Corporation of India Limited (CCIL). The release references earlier press releases dated 30 Sep 2025, 8 Apr 2022, 27 Dec 2023, and 11 Dec 2025 for methodological notes. The document was issued by Deputy General Manager Ajit Prasad, Communications Department.
The data indicate a substantial liquidity absorption by the RBI on the reporting date, with repo and MSF rates remaining in the mid‑4‑to‑5 % band and cash reserve balances of banks staying above ₹8 lakh crore.