Document title: Money Market Operations as on July 07, 2026
Issuing Authority: Reserve Bank of India (RBI)
Reference: Press Release 2026-2027/626
Date: July 08, 2026
Money Market Operations Overview
The RBI published its daily money market operations for July 7 2026, indicating a total overnight segment volume of ₹6,52,286.99 crore. The weighted average rate for the overnight segment stood at 5.16%, with a quoted range of 2.00% to 6.00%.
Overnight Segment Details
Within the overnight segment, call money accounted for ₹17,876.66 crore at a weighted average rate of 5.25% (range 4.20%‑5.30%). Triparty repo contributed ₹4,55,374.40 crore with an average rate of 5.14% (range 5.00%‑6.00%). Market repo volume was ₹1,72,427.83 crore at 5.19% (range 2.00%‑5.70%). Repo in corporate bonds recorded a volume of ₹6,608.10 crore, weighted average rate 5.31% (range 5.27%‑5.45%).
Term Segment Details
In the term segment, notice money amounted to ₹131.50 crore with a weighted average rate of 5.12% (range 4.70%‑5.30%). Term money stood at ₹1,028.00 crore; the rate column is not disclosed, but the range is 5.25%‑5.73%. Triparty repo for the term segment was ₹1,970.00 crore at 5.31% (range 5.10%‑5.40%). Market repo recorded ₹120.00 crore at 5.52% (range 5.50%‑5.60%). No repo activity in corporate bonds was reported for the term segment (₹0.00).
RBI Liquidity Operations
Today's Operations (07‑07‑2026):
- Repo operation (1‑day tenor) maturing on 08‑07‑2026: ₹1,135.00 crore at 5.26%.
- Marginal Standing Facility (MSF) (1‑day tenor) maturing on 08‑07‑2026: ₹241.00 crore at 5.50%.
- Standing Deposit Facility (SDF) (1‑day tenor) maturing on 08‑07‑2026: ₹1,51,892.00 crore at 5.00%.
Net liquidity injected from today’s operations was recorded as –₹1,50,516.00 crore (injection +/‑absorption ‑).
Outstanding Operations:
- Repo operation initiated on 06‑07‑2026 with a 3‑day tenor, maturing on 09‑07‑2026, amounting to ₹14,600.00 crore at 5.26%.
Additional Facilities:
- Standing Liquidity Facility (SLF) availed from RBI amounted to ₹10,083.82 crore.
- Net liquidity injected from outstanding operations was ₹24,683.82 crore.
- Cumulative net liquidity injected, including today’s operations, stood at –₹1,25,832.18 crore.
Banking Liquidity Position
Cash balances of scheduled commercial banks with the RBI as on July 7 2026 were ₹7,83,825.83 crore. The average daily cash reserve requirement for the fortnight ending July 15 2026 was ₹7,98,115.00 crore. The Government of India’s surplus cash balance earmarked for auction on July 7 2026 was ₹1,135.00 crore, and the net durable liquidity surplus as on June 15 2026 was ₹4,82,130.00 crore.
Overall, the RBI’s money market operations on July 7 2026 reflected substantial liquidity absorption, stable weighted average rates across segments, and robust cash reserve positions for scheduled banks, underscoring the central bank’s active management of short‑term liquidity in the system.