Document title: Money Market Operations as on November 12, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1488
Date: November 13, 2026
Policy Rates and Liquidity
The RBI conducted its daily liquidity operations on 12 Nov 2026. A reverse repo operation of ₹50,012.00 cr was executed at a rate of 5.49% for a one‑day tenor. The Marginal Standing Facility (MSF) absorbed ₹8,676.00 cr at 5.75% for a one‑day tenor, while the Standing Deposit Facility (SDF) absorbed ₹1,36,761.00 cr at 5.25% for the same tenor. Net liquidity injected from today’s operations was a deficit of ₹1,78,097.00 cr, and when combined with outstanding operations the overall net liquidity injection (including today) amounted to a deficit of ₹1,17,787.13 cr, indicating overall liquidity absorption by the system.
Banking and Credit
Cash reserves of scheduled commercial banks as of 12 Nov 2026 were ₹8,67,555.98 cr. The average daily cash reserve requirement (CRR) for the fortnight ending 15 Nov 2026 was ₹8,16,655.00 cr, reflecting the banks’ compliance with statutory reserve norms.
Capital Markets and Flows
The money market overview for 12 Nov 2026 shows an overnight segment (I+II+III+IV) volume of ₹7,89,769.30 cr with a weighted average rate of 5.36% and a rate range of 3.00‑7.40%. Breakdown of the overnight segment: Call Money volume ₹16,530.81 cr at 5.45% (range 4.30‑5.60%); Triparty Repo volume ₹5,65,118.15 cr at 5.35% (range 5.05‑5.65%); Market Repo volume ₹2,01,298.24 cr at 5.39% (range 3.00‑5.75%); Repo in Corporate Bond volume ₹6,822.10 cr at 5.62% (range 5.55‑7.40%).
In the term segment, Notice Money volume was ₹202.20 cr at 5.30% (range 5.15‑5.45%); Term Money volume ₹396.00 cr with rate band 5.70‑6.02%; Triparty Repo volume ₹2,895.00 cr at 5.41% (range 5.30‑5.50%); Market Repo volume ₹400.00 cr at 5.81% (range 5.75‑5.85%); no Repo in Corporate Bond activity was recorded. Outstanding repo operations from 9 Nov 2026 show a repo of ₹50,003.00 cr at 5.51% for a four‑day tenor maturing on 13 Nov 2026.
Overall, the RBI’s liquidity operations on 12 Nov 2026 resulted in a net absorption of liquidity, with high rates across repo and standing facilities, while the banking system maintained substantial cash reserves. The money market exhibited robust activity, particularly in the overnight segment, supporting the RBI’s stance on liquidity management.