Document title: Money Market Operations as on August 13, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference: Press Release 2026-2027/887
Date: August 14, 2026
Policy Rates and Liquidity
The RBI conducted a reverse repo operation of ₹80,170.00 Cr on 13 Aug 2026, priced at 5.24% per annum. The Marginal Standing Facility (MSF) was utilised for ₹595.00 Cr at a rate of 5.50%, while the Standing Deposit Facility (SDF) absorbed ₹1,46,133.00 Cr at 5.00%. Net liquidity injected from today’s operations was a negative ₹2,25,708.00 Cr, indicating absorption of funds. Outstanding reverse repo operations as of 11 Aug 2026 amounted to ₹42,560.00 Cr (5.24%) and as of 10 Aug 2026 to ₹95,810.00 Cr (5.24%). The net liquidity injected from outstanding operations was a deficit of ₹1,28,459.58 Cr, and the combined net liquidity (including today’s operations) stood at a deficit of ₹3,54,167.58 Cr.
Banking and Credit
Cash reserves of scheduled commercial banks as on 13 Aug 2026 were ₹7,89,909.98 Cr. The average daily cash reserve requirement for the fortnight ending 15 Aug 2026 is projected at ₹8,03,001.00 Cr.
Capital Markets and Flows
The overnight segment (I+II+III+IV) recorded a total one‑leg volume of ₹5,81,244.85 Cr with a weighted average rate of 5.10% and a rate range of 1.00‑5.80%. Breakdown: Call Money volume ₹19,326.43 Cr at 5.21% (range 4.60‑5.30%); Triparty Repo ₹3,89,967.65 Cr at 5.09% (range 4.95‑5.80%); Market Repo ₹1,64,806.62 Cr at 5.12% (range 1.00‑5.50%); Repo in Corporate Bond ₹7,144.15 Cr at 5.29% (range 5.27‑5.40%).
In the term segment, Notice Money volume was ₹302.60 Cr at 5.11% (range 4.95‑5.25%); Term Money volume ₹1,188.00 Cr with rates between 5.70‑5.80%; Triparty Repo volume ₹2,544.00 Cr at 5.19% (range 5.00‑5.22%); Market Repo volume ₹149.52 Cr at 5.31% (range 5.25‑5.35%); Repo in Corporate Bond was nil.
Financial Stability and Inclusion
Net durable liquidity, representing surplus (+) or deficit (‑), was recorded at ₹5,36,080.00 Cr as of 15 July 2026, indicating a surplus position. The overall net liquidity absorption of ₹3,54,167.58 Cr reflects the RBI’s stance of tightening liquidity in the system.
Regulatory and Policy Measures
All figures are based on data from the Reserve Bank of India and the Clearing Corporation of India Limited (CCIL). References are made to several RBI press releases and notifications, including Press Release No. 2025‑2026/1201 (30 Sept 2025), Press Release No. 2022‑2023/41 (8 Apr 2022), and Press Release No. 2023‑2024/1548 (27 Dec 2023). The document is signed by Deputy General Manager Ajit Prasad, Communications.
The operations illustrate the RBI’s active management of money market liquidity through repo, reverse repo, MSF, and SDF facilities, with a net absorption of over ₹3.5 Lakh Cr, while maintaining adequate cash reserves in the banking system.