Document title: Money Market Operations as on October 11, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1310
Date: 12 October 2026
Policy Rates and Liquidity
The RBI’s today’s liquidity operations on 11 October 2026 comprised a Marginal Standing Facility (MSF) transaction of one‑day tenor amounting to ₹864.00 crore at a rate of 5.75 per cent, and a Standing Deposit Facility (SDF) transaction of one‑day tenor amounting to ₹1,41,354.00 crore at a rate of 5.25 per cent. The net liquidity injected from today’s operations was a withdrawal of ₹1,40,490.00 crore, indicating overall liquidity absorption. Outstanding reverse‑repo operations as of 9 October 2026 included three tenors: a 3‑day reverse repo of ₹1,39,847.00 crore, a 10‑day reverse repo of ₹18,170.00 crore, and a 29‑day reverse repo of ₹79,655.00 crore, all priced at 5.49 per cent. Outstanding SDF balance was ₹3,252.00 crore at 5.25 per cent, while outstanding MSF balances were zero. The net liquidity injected from outstanding operations was a withdrawal of ₹2,37,366.90 crore, leading to a cumulative net liquidity injection (including today’s operations) of a withdrawal of ₹3,77,856.90 crore.
Banking and Credit
Cash reserves of scheduled commercial banks as on 11 October 2026 amounted to ₹7,84,585.44 crore. The average daily cash reserve requirement (CRR) for the fortnight ending 15 October 2026 was ₹8,17,219.00 crore. The Government of India’s surplus cash balance reckoned for the auction as on 9 October 2026 was zero.
Financial Stability
Net durable liquidity, representing the surplus or deficit of liquid assets, stood at a surplus of ₹13,93,819.00 crore as of 15 September 2026. This surplus reflects the overall liquidity position of the banking system beyond the immediate operational injections and absorptions.
The data are based on information from the Reserve Bank of India and the Clearing Corporation of India Limited, with footnotes indicating the sources of specific figures and the applicable press releases.