Document title: Money Market Operations as on October 26, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/1391
Date: October 27, 2026
Policy Rates and Liquidity
The RBI disclosed its money market operations for 26 Oct 2026. In the overnight segment, total volume reached ₹6,99,171.74 crore with a weighted average rate of 5.74 % and a rate range of 4.30‑6.05 %. Call Money contributed ₹14,747.62 crore at 5.81 % (range 4.30‑5.90 %). Triparty Repo accounted for ₹4,88,510.00 crore at 5.74 % (range 5.70‑5.86 %). Market Repo volume was ₹1,88,232.47 crore at 5.72 % (range 4.90‑5.95 %). Repo in Corporate Bonds amounted to ₹7,681.65 crore at 5.87 % (range 5.80‑6.05 %).
For today’s operations, a 4‑day repo of ₹1,50,007.00 crore was conducted at a rate of 5.55 %. The Marginal Standing Facility (MSF) provided a 1‑day facility of ₹17,385.00 crore at 5.75 %. The Standing Deposit Facility (SDF) absorbed ₹1,82,261.00 crore for a 1‑day tenor at 5.25 %. Net liquidity injected from today’s operations was a deficit of ₹14,869.00 crore.
Outstanding reverse repo operations dated 08 Oct 2026 (29‑day tenor) totalled ₹29,555.00 crore at 5.49 %, maturing on 06 Nov 2026. Net liquidity injected from outstanding operations (excluding today) was a deficit of ₹19,213.13 crore. Combining today’s and outstanding positions, total net liquidity injected stood at a deficit of ₹34,082.13 crore.
Banking and Credit
Cash reserves of scheduled commercial banks as of 26 Oct 2026 were ₹8,45,510.55 crore. The average daily cash reserve requirement for the fortnight ending 31 Oct 2026 was ₹8,33,309.00 crore. The Government of India’s surplus cash balance available for auction on 26 Oct 2026 was ₹1,50,007.00 crore. Net durable liquidity (surplus/deficit) as of 30 Sep 2026 was reported at ₹10,14,401.00 crore.
Capital Markets and Flows
In the term segment, Notice Money volume was ₹98.00 crore at 5.30 % (range 5.25‑5.65 %). Term Money volume was ₹358.00 crore with rates between 5.85‑6.10 %. Term‑segment Triparty Repo volume was ₹796.65 crore at 5.75 % (range 5.70‑5.90 %). Term‑segment Market Repo volume was ₹655.71 crore at 5.94 % (range 5.93‑5.95 %). No repo activity in corporate bonds was recorded for the term segment.
Overall, the RBI’s release indicates a substantial net liquidity deficit of over ₹34 thousand crore, elevated repo and MSF rates in the mid‑5 % range, and robust cash reserve balances within the banking system. These figures reflect the RBI’s ongoing liquidity management stance as of late October 2026.