Document title: Money Market Operations as on October 25, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/1388
Date: October 26, 2026
Policy Rates and Liquidity
The Marginal Standing Facility (MSF) was priced at 5.75% for a one‑day tenor, with an amount of ₹29,479.00 crore available on 25 Oct 2026. The Standing Deposit Facility (SDF) carried a rate of 5.25% for the same tenor, with ₹2,01,337.00 crore. Net liquidity injected from today’s operations was a negative ₹1,71,858.00 crore, indicating absorption.
Outstanding repo operations included a 3‑day repo on 23 Oct 2026 amounting to ₹50,003.00 crore at 5.58%, a 7‑day repo on 19 Oct 2026 of ₹1,00,014.00 crore at 5.51%, and a 29‑day reverse repo on 08 Oct 2026 of ₹29,555.00 crore at 5.49%. MSF operations on 24 Oct 2026 (2‑day) showed zero amount, while on 23 Oct 2026 (3‑day) a ₹4,639.00 crore amount was booked at 5.75%. SDF operations on 24 Oct 2026 (2‑day) were zero, and on 23 Oct 2026 (3‑day) a ₹2,737.00 crore amount was booked at 5.25%. The Standing Liquidity Facility (SLF) availed from RBI amounted to ₹10,411.05 crore. Net liquidity injected from outstanding operations was ₹1,32,775.05 crore, and the cumulative net liquidity injected, including today’s operations, stood at a deficit of ₹39,082.95 crore.
Banking and Credit
Cash reserves of scheduled commercial banks as of 25 Oct 2026 were ₹8,45,574.77 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 reckoned for auction on 23 Oct 2026 was ₹50,003.00 crore. Net durable liquidity as of 30 Sep 2026 was reported at ₹10,14,401.00 crore.
Financial Stability and Inclusion
Both the overnight and term money‑market segments recorded zero volume on the reporting date, indicating no activity in call money, triparty repo, market repo, or repo in corporate bonds. Uncollateralised transactions of 2‑14 days (call money) and 15 days‑1 year (term money) were noted as not applicable.
Overall, the RBI’s liquidity stance on 25‑26 Oct 2026 reflects a net absorption of approximately ₹39,083 crore, high cash‑reserve balances in the banking system, and an absence of money‑market transactions for the day.