Document title: Money Market Operations as on November 04, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/1442
Date: November 05, 2026
Policy Rates and Liquidity
The RBI disclosed that the weighted average rate for the overnight money market segment was 5.53% with a volume of ₹7,30,737.34 crore, ranging between 1.00% and 7.25%. Call money operated at 5.51% (range 4.30‑5.72%) on ₹15,378.75 crore, while triparty repo was at 5.54% (5.47‑5.84%) on ₹5,06,732.15 crore. Market repo posted a rate of 5.52% on ₹2,01,116.79 crore (range 1.00‑6.00%). Repo in corporate bonds amounted to ₹7,509.65 crore at 5.67% (range 5.60‑7.25%).
For the term segment, notice money was at 5.42% on ₹441.80 crore (range 5.20‑5.50%). Term money volume was ₹109.00 crore with no rate disclosed (range 5.70‑6.05%). Term triparty repo recorded 5.59% on ₹2,015.00 crore (range 5.50‑5.80%) and term market repo was at 6.12% on ₹1,106.42 crore (range 5.70‑6.25%).
Today's liquidity operations included a reverse repo of ₹50,015.00 crore and an additional reverse repo of ₹1,180.00 crore, both at 5.49% for a one‑day tenor maturing on 5 Nov 2026. The Marginal Standing Facility (MSF) was utilised for ₹9,861.00 crore at 5.75%, and the Standing Deposit Facility (SDF) absorbed ₹136,676.00 crore at 5.25%. Net liquidity injected from today's operations was a withdrawal of ₹1,78,010.00 crore. Outstanding reverse repo operations from 8 Oct 2026 (29‑day tenor) amounted to ₹25,555.00 crore at 5.49% maturing on 6 Nov 2026. The Standing Liquidity Facility (SLF) availed from the RBI stood at ₹10,306.87 crore. Net liquidity injected from outstanding operations was a withdrawal of ₹15,248.13 crore, leading to a cumulative net liquidity injection (including today's operations) of –₹1,93,258.13 crore.
Banking and Credit
Cash reserves of scheduled commercial banks as on 4 Nov 2026 were ₹8,46,489.27 crore. The average daily cash reserve requirement for the fortnight ending 15 Nov 2026 was projected at ₹8,16,655.00 crore. The Government of India reported a surplus cash balance of ₹0.00 crore for auction purposes on the same date. Net durable liquidity, reflecting the overall surplus or deficit, was recorded at a surplus of ₹7,93,409.00 crore as of 15 Oct 2026.
Capital Markets and Flows
The RBI’s money market data illustrate robust activity across both overnight and term segments, with total overnight volume exceeding ₹7.3 lakh crore and weighted rates hovering around 5.5%‑5.7%. Term‑segment activity, though smaller in absolute terms, showed higher rates for market repo (6.12%). These figures indicate continued reliance on repo and call‑money markets for short‑term liquidity management.
Overall, the press release highlights a net withdrawal of liquidity from the system amounting to over ₹1.9 lakh crore, sustained activity in repo and call‑money markets, and a strong cash‑reserve position of scheduled banks, underscoring the RBI’s ongoing fine‑tuning of liquidity conditions.